The myth of a fossil fuel phase-out

18 Dec 2017   Peak Oil, Renewables

How the world uses energy is a hot topic for a warming planet, and fears of pollution and resource strain have produced a virtual arms race of energy-efficiency strategies. From the European Union to China, economies are vowing to reduce their energy intensity with the help of technological innovations and legislative changes. Yet, despite these promises, consumer demand for energy is forecast by the International Energy Agency to rise until at least 2040. With the world’s energy needs growing, how can policymakers guarantee supply? To put it bluntly, the world has nothing to worry about when it comes to reserves. After 40 years of fearing energy shortages, we have entered an era of abundance. We need to guard against false narratives, not scarce resources. The culprit of this storyline is the Club of Rome, a global think-tank that, in the 1970s, spurred energy anxiety with its absurd prophecies derived […]

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