While optimists insist everything will turn out right in the end, there are signs that in the short term, governments, lobbied by the enormously profitable fossil fuel industry, may be unwilling to pay that price.
The IEA report — an update to its Net Zero Roadmap — flies in the face of statements just a week ago in Calgary where Saudi Arabia’s Energy Minister Abdulaziz bin Salman Al Saud insisted increases in oil prices must be modest.
The trouble is, repeated evidence shows spending on the kind of technology the world needs to keep fuel prices affordable is failing to keep pace with IEA targets.
“The underlying problem is that most mainstream politicians have embraced a convenient half-truth about climate change,” writes Gideon Rachman in the Financial Times, warning that growing populist backlash could block the green transition.
Essentially, writes Rachman, green-friendly politicians have been ignoring the true costs of making the transition both in budgetary spending and in rising consumer anger, notably over gasoline prices.
Despite signs of backsliding, Rachel Doran, director of policy and strategy at Clean Energy Canada, a think-tank based at Simon Fraser University, remains optimistic that people will look past the short-term costs of stopping climate change.
The original article contains 957 words, the summary contains 189 words. Saved 80%. I’m a bot and I’m open source!
This is the best summary I could come up with:
While optimists insist everything will turn out right in the end, there are signs that in the short term, governments, lobbied by the enormously profitable fossil fuel industry, may be unwilling to pay that price.
The IEA report — an update to its Net Zero Roadmap — flies in the face of statements just a week ago in Calgary where Saudi Arabia’s Energy Minister Abdulaziz bin Salman Al Saud insisted increases in oil prices must be modest.
The trouble is, repeated evidence shows spending on the kind of technology the world needs to keep fuel prices affordable is failing to keep pace with IEA targets.
“The underlying problem is that most mainstream politicians have embraced a convenient half-truth about climate change,” writes Gideon Rachman in the Financial Times, warning that growing populist backlash could block the green transition.
Essentially, writes Rachman, green-friendly politicians have been ignoring the true costs of making the transition both in budgetary spending and in rising consumer anger, notably over gasoline prices.
Despite signs of backsliding, Rachel Doran, director of policy and strategy at Clean Energy Canada, a think-tank based at Simon Fraser University, remains optimistic that people will look past the short-term costs of stopping climate change.
The original article contains 957 words, the summary contains 189 words. Saved 80%. I’m a bot and I’m open source!