Its vast investment in solar, wind and batteries is on track to end an era of global growth in the use of coal, oil and gas, the researchers said.
Meanwhile Trump is pushing renewables off a cliff.
Don’t forget every other republican, too, for decades.
If only “energy” companies could have foreseen the transition and got in on renewables early, they could have helped. But noooo “were an oil/coal/gas company. That’s what we’ve always been and always will be”. And that will be the end of your company, then. Had GM not killed the EV1, they’d be making money hand over fist right now and Tesla wouldn’t exist.
I think a lot of the problem is companies not adjusting to change. It’s easier and cheaper to fight change than to embrace it. Add in a bunch of oil investments and now they have companies actively killing non-oil projects.
I’m sure we will all look back on this in a few decades and be very disappointed.
A lot of us won’t be here in a few decades to look back on it. But yeah, not adjusting to change was the point I was making. Solar is basically free money, I don’t understand what people couldn’t (and still don’t) understand about that. Especially companies that use a lot of energy like grocery stores. Fill your parking lot with solar panels giving shade and cover for inclement weather and people will be more likely to shop there plus you’d be covering most of not all of your electrical bills. Throw some on the roof to shade the building and use even less energy to cool the building and now you can sell the excess energy. THAT is common sense.
Well, businesses don’t like free, because you can’t make money on free. Greed is the problem. If we solve the greed, there would be very few problems on Earth
But that’s exactly my point, is that grocery stores could be greedy and win ecologically. Emphasize the profit you can make in utilizing wasted space like roofs or parking lots and it just makes sense from a business perspective. I know I would be more likely to shop at a grocery store that had shaded parking lots, even if the real goal for it was to lower bills for higher profits. They lower their bills and get more customers, that’s a two fold win for big stores.
I see. Well, the investment price for panels to reduce their own usage is significantly more than just paying the electric bill.
The main factor sustaining fossil fuel use in world today is Ukraine war. At least 3% of global diesel use is just for war, nevermind all the emission releases from blowing shit up.
Investment and production in clean energy last year contributed nearly $2 trillion to China’s economy, a figure which the report said was around one-tenth of the country’s economy as a whole, or comparable to Australia’s entire economy.
The US is not investing in more fossil fuels, as prices go down, because of global transition made by China. $2T in transition investments in US would be 5-7%+ GDP growth, in addition to lower energy costs for consumers and industry. Inviting world to invest in US clean energy would be massive job/construction growth, and necessary to power its Skynet ambitions.