Dick Coulson forwarded a recent New York Times article to me by Bill McKibben on the growth of "green energy" and the ultimate decline of fossil fuels. It's a good read.
Here's a snippet from the article A Future Without Fossil Fuels?:
"...in the 2020s—probably the early 2020s—the demand for fossil fuels will stop growing. The turning point in such transitions “is typically the moment when the impact is felt in financial markets”—when stock prices tumble and never recover. Who is going to invest in an industry that is clearly destined to shrink? Though we’ll still be using lots of oil, its price should fall if it has to compete with the price of sunshine. Hence the huge investments in pipelines and tankers and undersea exploration will be increasingly unrecoverable. Precisely how long it will take is impossible to predict, but the outcome seems clear."
Read it all here...
Adding to the debate is Michael Shellenberger,Time Magazine “Hero of the Environment” .
In the following TEDX Talk "Shellenberger explains why solar and wind farms require so much land for mining and energy production, and an alternative path to saving both the climate and the natural environment."
Lots of food for thought.
