>But don’t be fooled. The world’s economies are moving away from fossil fuels.
There is absolutely no evidence for this, and much to the contrary. Global CO2 production, which is a good proxy for overall fossil fuel use as steadily risen [0]. This comparison is limited only in that it fails to show that switching from coal to LNG does decrease emissions while doing nothing to change reliance on fossil fuels.
The dip in emissions and oil production that happen with the pandemic demonstrate very clearly that emissions and fossil fuel consumption are directly tied to our economic activity. Since our goal is to resume to "normal" as soon as possible global fossil fuel consumption will get back to "normal" as soon as our economies do (now what plays out there is an interesting question).
Bizarre that the Economist can make an assertion like that and people swallow it without question.
There is absolutely no evidence for this, and much to the contrary. Global CO2 production, which is a good proxy for overall fossil fuel use as steadily risen [0]. This comparison is limited only in that it fails to show that switching from coal to LNG does decrease emissions while doing nothing to change reliance on fossil fuels.
The dip in emissions and oil production that happen with the pandemic demonstrate very clearly that emissions and fossil fuel consumption are directly tied to our economic activity. Since our goal is to resume to "normal" as soon as possible global fossil fuel consumption will get back to "normal" as soon as our economies do (now what plays out there is an interesting question).
Bizarre that the Economist can make an assertion like that and people swallow it without question.
[0]. https://www.iea.org/articles/global-co2-emissions-in-2019