Renewables are cheaper than ever yet fossil fuel use is still growing – here’s why
Renewables are cheaper than ever yet fossil fuel use is still growing – here’s why
Despite the meteoric rise of wind and solar, fossil energy sources have met most new demand in fast-growing economies.
It couldn't possibly be the trillion dollar oil industry
Cooling economic activity in Asia – especially China – might reverse this trend, making a replacement pattern similar to Europe and North America feasible.
So according to the article a problem created by rapid industrialization of the west has to be solved by a deindustrialization of the east.
No, basicly energy demand and economic growth are linked. Asia and especially China built renewables very quickly, but energy demand due to economic growth is even faster, so the gap has to be closed by fossil fuels. So if there is a slow down in growth, less new energy is needed and the fast growing renewables can start to replace fossil fuels or at least stop emissions growth.
So no deindustrialization, just no rapid industrialization. Btw China did not have a full on econmic crisis for over 30 years, is currently in a trade war and has a population decline. So they are overdue for the normal capitalist econmic crisis and the current data does not look too good.
in 1995 I had a 1GB hard drive. It was 80% full.
Nowadays I have 2TB. It's still 80% full.