The Guardian: Rise of renewables may see off oil firms decades earlier than they think.
Some rare good news in climate action. Here are several key quotes:
The world’s rising reliance on fossil fuels may come to an end decades earlier than the most polluting companies predict, offering early signs of hope in the global battle to tackle the climate crisis.
The climate green shoots have emerged amid a renewable energy revolution that promises an end to the rising demand for oil and coal in the 2020s, before the fossil fuels face a terminal decline.
The looming fossil fuel peak is expected to emerge decades ahead of forecasts from oil and mining companies, which are betting that demand for polluting energy will rise until the 2040s.
Guardian: https://www.theguardian.com/environment/2019/oct/14/rise-renewables-oil-firms-decades-earlier-think
Within the energy industry, experts believe the rapid rise of renewable energy in recent years may soon seem glacial compared with the changes to come.
Guardian: https://www.theguardian.com/environment/2019/oct/14/rise-renewables-oil-firms-decades-earlier-think
It is a cautionary tale for fossil fuel companies that believe the world’s demand for polluting energy will continue to rise until the middle of the century. It is also a new narrative of hope, he says.
“We’re a lot further on than we were. And yes, we need to go faster. And yes, it’s difficult and complicated. But at the same time we now live in a world where two-thirds of the global population live in a country where wind and solar power is the cheapest form of new electricity capacity. We have the tools to do this,” he says.
Guardian: https://www.theguardian.com/environment/2019/oct/14/rise-renewables-oil-firms-decades-earlier-think
