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I Study Climate Change. The Data Is Telling Us Something New.
(www.nytimes.com)
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this post was submitted on 13 Oct 2023
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I'm less optimistic than you, I think we will continue to increase fossil fuel usage, even though millions are dying and being displaced.
As long as the income stream isnt threatened either by unrest, mass deaths, or hardware malfunctioning, expect business as usual.
That's the kind of logic I expect to see in the coming decades.
People will argue the details, debate the topics, defend finances and the economy .... all while the world falls apart and people die, are actively dying or will live shorter lives.
Humanity will fade into obscurity as we all fight with one another.
Hell yeah.
Thats for sure. Many finance analysts predict 3 digit oil prices.
Investments will ramp up once demand puts pressure on the price.
And fossil fuel industry will be the most profitable one again.
WE CANT EXPECT OUR SYSTEM TO CHANGE WITHOUT CHANGING THE SYSTEM.
What will we need all those fossil fuels for? Surely, at some point in the early 2030's, as capex for PV/wind turbines/heat pumps/batteries decreases and opex remains low, most people will have realized that fossil fuels are personally costing them money. The only business remaining may be plastics rather than electricity and heat. Granted, it's entirely possible fossil fuel companies successfully double down on plastics (which is what many are planning already).
I mean, thanks to citizens united and "lobbying", oil companies control the US, and therefore the world. So no, I don't expect to see much change.