Renewables are Winning the Race Against Fossil Fuels — But Not Fast Enough | robertscribbler

We have to reverse global warming urgently, if we still can. — Stephen Hawking

Whether you realize it or not, you’ve been drawn into a race. A race against time to swiftly reduce carbon emissions in order to prevent ramping climate harms on the path to a fifth hothouse extinction. For the current burning of fossil fuels and the ongoing dumping of carbon into the atmosphere at the rate of 13 billion tons each year is an insult to the global climate system that has likely never been seen before in all of the deep history of planet Earth. And the swifter we draw that emission down to zero and net negative, the better.

In the early part of this race, there is one factor that can provide the greatest overall benefit — the rate of renewable energy (RE) adoption. For adding RE at a high rate removes future market share from fossil fuels even as it draws down emissions, enables efficiencies, and undercuts fossil fuel industry revenues. Such a systemic change saps the economic and political power of destructive entities that have for decades attempted to lock in greater and greater volumes of climate-harming emissions. And when RE begins to overcome not just future market share, but also current fossil fuel markets, this loss of power and influence hastens.

Once fossil fuels begin to lose their grip on political systems around the world, it becomes easier to implement other consumption based policies like a carbon tax or further disincentives to a very wasteful use of resources at the top of economic spectra across the globe. An energy renaissance of this kind is not a perfect fix. It can’t halt all the climate harm coming down the pipe. But it does hit hard at the center of gravity of a corrupt and deleterious global economic power base that, if it had its way, would lock in the worst effects of a hothouse extinction in very short order — inevitably wrecking human civilization and inflicting a global ecocide in the process. It shrinks the might and reach of bad carbon actors. And it opens up avenues for a ramping up of more powerful climate change mitigation and response policies in the future.

In this context of a drive pull the rug out from under the bad carbon actors, it appears that RE adoption rates are now starting to hit a level that makes just such a political and economic power shift possible.

Source: Renewables are Winning the Race Against Fossil Fuels — But Not Fast Enough | robertscribbler

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