The peak of fogy fuel requirement might have already happen – this is the argument put forward by a non - governmental organizationRocky Mountain Institute(RMI ) . This welcome variety has not been galvanize by the battle against the climate crisis , but bythe Russian invasion of Ukraine .
RMI , found in 1982 to meliorate American energy efficiency , looked at data on the requirement for fossil fuels compared to the demand for renewables . It ’s looking good for the decarbonization of the earth : renewables have been steady get more and more popular . However , the situation is not clear - cut .
The COVID-19 pandemic , specially the far-flung lockdowns , led to reduced demand for fossil fuels , but that pick up again over the last year . The goal of attain net - zero by 2050 should have pushed for the declivity , but no major greenhouse petrol emitter is presently sticking to the goals of the Paris Agreement .
However , the Russian invasion of Ukraine might have turn over a push to politician and administration than a futurity of more extreme weather condition issue had achieved so far – at least according to RMI . The peak in their analysis was in 2019 , and the shimmy towards an thriftiness beyond dodo fuels is happen now .
“ As the humanity ’s largest exporter of fossil fuels , Russia sit on the flaw line of this shift . Its largest customer is Europe . Rising fight between the two will inevitably signify a tenacious period of precariousness and stress for fogey fuel markets , a numeration which will galvanize the energy conversion , ” writes Kingsmill Bond in a Strategic Analysis & Engagement piece onthe NGO ’s website .
“ The risk of infection of energy security today is a more brawny driver for world leadership than the future of the planet in 30 year . ”
The war has pushed the price of fossil fuels higher and higher . Before the invasion , wind and solar energy were cheaper than fogy fuels in 85 pct of the world . Compared to current toll , they are cheaper almost everywhere .
This might bring forth other related to changes in industries that heavily rely on fossil fuels to move beyond those pauperism and towards a greener thriftiness .
