The world could reach peak oil in three years, thanks to cheap renewables

The world could reach peak oil and coal in as little as three years—not because either is close to running out, but because of the falling cost of solar power and electric cars and stronger climate policy. A new report from the Grantham Institute at Imperial College London and the Carbon Tracker Initiative analyzed how much demand for solar and EVs could impact demand for fossil fuels, and how quickly that could happen. Researchers modeled

Solution News Source

The world could reach peak oil in three years, thanks to cheap renewables

The world could reach peak oil and coal in as little as three years—not because either is close to running out, but because of the falling cost of solar power and electric cars and stronger climate policy. A new report from the Grantham Institute at Imperial College London and the Carbon Tracker Initiative analyzed how much demand for solar and EVs could impact demand for fossil fuels, and how quickly that could happen. Researchers modeled

Solution News Source

SIGN UP

TO GET A Free DAILY DOSE OF OPTIMISM

Optimist Subscriber
Delivery Frequency *
reCAPTCHA

We respect your privacy and take protecting it seriously. Privacy Policy