Source: Opinion | Oil and Gas Companies Are Trying to Rig the Marketplace – The New York Times
Many of us focused on the problem of climate change have been waiting for the day when renewable energy would become cheaper than fossil fuels.
Well, we’re there: Solar and wind power are less expensive than oil, gas and coal in many places and are saving our economy billions of dollars. These and other renewable energy sources produced 30 percent of the world’s electricity in 2023, which may also have been the year that greenhouse gas emissions in the power sector peaked. In the United States alone, the amount of solar and wind energy capacity waiting to be built and connected to the grid is 18 times the amount of natural gas power capacity in the queue.
So you might reasonably conclude that the market is pivoting, and the end for fossil fuels is near.
But it’s not. Instead, fossil fuel interests — including think tanks, trade associations and dark money groups — are often preventing the market from shifting to the lowest cost energy.
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