With record-breaking heatwaves and wildfires from California to Tokyo to Greece, the case for action on climate change appears stronger than ever. But while public concern around the world has picked up, The Economist argues that the world's fossil fuel habit might actually get worse. "One reason is soaring energy demand, especially in developing Asia. In 2006-16, as Asia's emerging economies forged ahead, their energy consumption rose by 40%. The use of coal, easily the dirtiest fossil fuel, grew at an annual rate of 3.1%. Use of cleaner natural gas grew by 5.2% and of oil by 2.9%. Fossil fuels are easier to hook up to today's grids than renewables that depend on the sun shining and the wind blowing. Even as green fund managers threaten to pull back from oil companies, state-owned behemoths in the Middle East and Russia see Asian demand as a compelling reason to invest." "On a global level, at a time when the rest of the world (and even many American industries) is investing in newer, cleaner forms of energy, the administration's policy change would put American companies further back in the race to build more efficient and less polluting vehicles." |
No comments:
Post a Comment