<
https://reneweconomy.com.au/forrest-says-no-reason-world-cant-stop-burning-fossil-fuels-by-2040-hints-at-hydrogen-breakthrough/>
"Iron ore billionaire and green energy evangelist Andrew Forrest has made
another major intervention into the global energy debate, insisting that there
is no reason that the world cannot stop burning fossil fuels by 2040, even if
detractors think the idea is “woke.”
Forrest has already set a target of “real zero” emissions at his company’s iron
ore operations for 2030, by which time he says it will not be burning any
fossil fuels for mining, processing or land transport.
Forrest is a major critic of “net zero” strategies allow carbon offsets or
carbon capture and storage. Real zero, he says, involves the elimination of
fossil fuels, and he wants the world to follow – and achieve it a decade
earlier than current “net zero” targets.
“If Fortescue can achieve real zero by 2030, there is no reason the rest of the
world can’t follow by 2040,” Dr Forrest said in a statement marking his company
endorsement of the so-called “Fossil Fuel Treaty” on the sidelines of the Davos
World Economic Forum late last week.
“The economics make sense and the technological solutions exist to phase out
fossil fuels,” Forrest said.
“While fossil fuel companies bury their heads in the sand as while hellish
wildfires cause unimaginable damage to Los Angeles, Fortescue and the growing
bloc of countries seeking to negotiate a Fossil Fuel Treaty understand the need
for real action to combat climate change.”
Forrest remains a fierce critic of the fossil fuel industry and policies that
support it. His comments come at a time that the new Trump administration is
trying to roll back support for renewables and storage and go all in on fossil
fuels, a policy and ideological position that the federal Coalition in
Australia seems determined to follow.
“I know that doesn’t go well with the current parlance coming out of
Washington, DC, but I don’t care,” Forrest said in an interview on
Bloomberg
TV late last week.
“You can call it woke, you can call it ESG, I don’t care what it gets called.
What’s unrealistic for the planet is that we keep on burning fossil fuels. We
kind of pretend the climate doesn’t exist.”
Forrest also pointed out that the savings are important. “We’re going to drop a
billion litres of diesel a year out of our supply chains this decade, and we’re
going to make money from that. So I wouldn’t call it unrealistic.”
Fortescue says a study involving the University of Oxford found real zero for
the power and transport sectors could drive annual savings of more than $US500
billion by 2050."
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