An employee walking at the Rumaila natural gas powerstation Haidar Mohammed Ali/Getty Images

The Myth of a Fossil Fuel Phase-Out

How we use energy is a hot topic for a warming world, and fears of pollution and resource strain have produced an arms race of energy efficiency solutions. But despite fears of shortages or threats from pollution, the planet has actually entered an era of fossil fuel abundance that shows no sign of abating.

BRUSSELS – How the world uses energy is a hot topic for a warming planet, and fears of pollution and resource strain have produced a virtual arms race of energy-efficiency strategies. From the European Union to China, economies are vowing to reduce their energy intensity with the help of technological innovations and legislative changes.

Yet, despite these promises, consumer demand for energy is forecast by the International Energy Agency to rise until at least 2040. With the world’s energy needs growing, how can policymakers guarantee supply?

To put it bluntly, the world has nothing to worry about when it comes to reserves. After 40 years of fearing energy shortages, we have entered an era of abundance. We need to guard against false narratives, not scarce resources.

To continue reading, please log in or enter your email address.

To access our archive, please log in or register now and read two articles from our archive every month for free. For unlimited access to our archive, as well as to the unrivaled analysis of PS On Point, subscribe now.

required

By proceeding, you agree to our Terms of Service and Privacy Policy, which describes the personal data we collect and how we use it.

Log in

http://prosyn.org/HjsdRlg;

Handpicked to read next

Cookies and Privacy

We use cookies to improve your experience on our website. To find out more, read our updated cookie policy and privacy policy.