Quote:
Originally Posted by Street Pharmacist
So we just give up then? Let the planet go to 3 or 4 degrees?
The whole point here is quite simply that:
cutting GHG>>>>>>>>>economy>ESG. If it's too expensive, then let's figure out how to do it cheaper, not give up.
As for the overblown environmental and lifecycle costs of renewable energy, they are less than hydrocarbon extraction so I'm not sure that's an argument
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There are still real issues scaling up alternatives to fossil fuels that will take a lot of money to solve, but letting O&G prices rise to previously unthinkable levels will drive innovation in all areas and cheaper alternatives will come on strong. Oil has been a miracle of cheap energy that has fueled the advancement of the world’s economy for a century, but those days won’t and can’t last forever.