https://rmi.org/how-putins-war-marks-the-end-of-the-fossil-fuel-era/
"Russia’s invasion of Ukraine means that global demand for fossil fuels has
very likely peaked — for good. The world’s policymakers have been working
toward this tipping point for years. And now, the twin forces of national
security and energy economics are driving permanent system change away from
fossil fuels quicker than ever.
This framing is directly contrary to the perspective of most fossil fuel
industry participants. Their hope is that energy scarcity and high fossil fuel
prices will kill the energy transition. On one level this is a basic error of
economics: after all, higher prices for anything – including fossil fuels —
mean lower demand. But it is also a failure to realize that the world has
changed since earlier oil shocks. Today, the alternative energy solutions are
large enough to supply demand growth and do so at a lower cost."
Via Danny ter Haar and Christoph S.
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
