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Why fossil fuels will survive

12 1 0
13.03.2018

WASHINGTON – Anyone who tells you that dealing with climate change is simply a matter of sweeping away the obstructionism of oil companies is living in a dream world. The real obstacle is us — our vast dependence on fossil fuels and the difficulty of extricating ourselves without crippling the world economy.

It’s true that the Trump administration has withdrawn from the Paris climate agreement, making any transition harder. But the problems transcend President Donald Trump’s disengagement, as a new study from the oil giant BP makes clear (tinyurl.com/yc9ytyv4)

Reading it, you might think it came from an environmental group. The study’s central conclusion, writes BP chief executive Bob Dudley, is that many anti-global warming policies fall “well short of” what’s “necessary to achieve the Paris climate goals. We need a far more decisive break from the past.”

The study projects global energy supply and demand to 2040 to see if environmentally friendly policies make significant progress against global warming. It assumes a larger role for “renewables” — mostly........

© The Japan Times