Globally, approximately 33 percent of our energy comes from oil, followed by coal, gas, and hydroelectric power.
, enable the continued funding of precisely this kind of lobbying.
The worry with fossil fuels is that there is no far superior industry coming to sweep it aside and deliver vastly higher productivity. Instead, it’s deliberate policy trying to mitigate climate change with substitutes, notably renewable energy, that have some advantages and some disadvantages . If that’s coupled with surprising technological improvements — e.g., the dramatic fall in the cost of solar photovoltaics — this creates a lot of uncertainty about future demand.
Big enough of a divestment would destabilize the sector, but it does not seem to happen, certainly not since oil and gas companies made the astonishing profits of 2022. Too many investors are dependent on these shareholder distributions to simply walk away. Of course, that also highlights the risk of stranded assets down the road.
Climate change seems to be reinforcing inequalities. How does it do that, and shouldn’t this be an extra incentive for policymakers to push harder on policies that reduce reliance on fossil fuels and lead to a green transition? Of course, these renewables have to be integrated into an electricity grid, and appropriate and affordable end-use devices, like electric cars, also have to be available, but overall, the falling costs make this a more and more feasible proposition.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Tigers deal James Karinchak and the Guardians a 4-3 defeat with walk-off home runKerry Carpenter's solo blast off James Karinchak in the ninth wins the game for Detroit.
Weiterlesen »
Philadelphia 76ers take 2-0 lead in NBA playoffs, defeat Nets 96-84 on Monday nightThe Philadelphia 76ers defeated the Brooklyn Nets 96-84 on Monday night in the first round of the NBA playoffs.
Weiterlesen »
Nets shut down in second half, fall into 0-2 hole against 76ersTyrese Maxey scored 33 points, Joel Embiid and Tobias Harris had 20 apiece, and the 76ers beat the Nets 96-84 on Monday night to take a 2-0 lead in their Eastern Conference playoff series. NetsWorld
Weiterlesen »
Philadelphia 76ers take 2-0 series lead in NBA playoffs, defeat Nets 96-84 on Monday nightTyrese Maxey scored 33 points, Joel Embiid and Tobias Harris had 20 apiece, and the Philadelphia 76ers beat the Brooklyn Nets 96-84 on Monday night to take a 2-0 lead in their Eastern Conference playoff series.
Weiterlesen »