Why Energy Policy Doesn’t Contemplate the Future
Frequent commenter “Shivrat” writes:
Great that solar investment is increasing so rapidly, and agreed that many challenges lie ahead, but would you say that a paradigm shift to renewables is inevitable in the long term? After all, something like 80% of oil is produced in 6 countries, and 90% of natural gas reserves lie in 3 countries, right? Given that global energy demand is set to increase by 50% in the next few decades, wouldn’t market forces seem to make it futile for anyone to resist (fossil fuels’) decline in the long term?
This is an excellent question – one that surprisingly few people ask. The basic answer is the short-term focus of most people and entities.
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