Yet, Net Zero policymakers around the world remain oblivious that Electricity came AFTER oil. Today, Net Zero and decarbonization pledges are a dime a dozen.
Shockingly, all the above worldwide Net Zero policies to rid the use of fossil fuels would eliminate electricity, and the more than 6,000 products supporting the 8 billion on this planet, and ground all transportation dependent on the fuels made from crude oil!
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There's a huge and growing gap between these worldwide decarbonization pledges and the ever-increasing global demand for the products and fuels from hydrocarbons.
According to the International Energy Agency's Global Energy Review, hydrocarbon growth exceeded the growth in renewables last year. The report also shows that oil, natural gas, and coal provide more than five times as much primary electricity to the global economy as the political darlings of the moment, those so-called renewables
According to the IEA, oil consumption and natural gas continue to increase. While oil and gas are pivotal fuels, the global climate story continues to be defined by coal. Last year, global coal use increased, as well as power generation from coal plants. The IEA's reports show that soaring coal use and electricity demand in China (population: 1.4 billion) and India (population: 1.4 billion) is swamping all the climate policies and decarbonization efforts in the US, Canada, Europe, Japan, and South Korea.
Before the decarbonization pledges go into effect and significantly reduces the availability of the products and fuels made from oil that are supporting the humanity on Earth, all the worlds' Net Zero plans NEED to be amended to identify the "replacement" to fossil fuels that can support the growing materialistic demands and the increasing demand for transportation fuels for the 8 billion on this planet.
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