Global power generation from fossil fuels fell in the first month since the start of the Hormuz blockade, with the fall in gas-fired generation offset by large increases in solar and wind power, rather than coal.
I’ve been thinking this for a few weeks now. It would be incredibly ironic if Trump ended up as one of the primary agents of the the transition away from fosil fuels due to him causing a price spike at a time when there is a viable alternative to oil for a lot of energy uses.
Putin managed to do something similar before. The issue is that high fossil fuel prices also mean massive profits for fossil fuel companies. Since green technologies take time to deploy, this means fossil fuel companies have a lot of money for corruption.
The good news is that there are tipping points. Things like fossil fuel jobs are cut and companies leave countries. For example the UK has no longer coal power plants. So the coal lobby is going to be extremely weak in the UK.
I’ve been thinking this for a few weeks now. It would be incredibly ironic if Trump ended up as one of the primary agents of the the transition away from fosil fuels due to him causing a price spike at a time when there is a viable alternative to oil for a lot of energy uses.
Putin managed to do something similar before. The issue is that high fossil fuel prices also mean massive profits for fossil fuel companies. Since green technologies take time to deploy, this means fossil fuel companies have a lot of money for corruption.
The good news is that there are tipping points. Things like fossil fuel jobs are cut and companies leave countries. For example the UK has no longer coal power plants. So the coal lobby is going to be extremely weak in the UK.