The economic and environmental risks of merely extracting oil and coal out of the ancient Earth is simply not worth it anymore, and even sizable conglomerates like Shell are moving towards clean energy and natural gas.
Governments across the world, recognizing this trend in the all-powerful market forces and taking into account the kind of planet they wish to leave for future generations, have made a dramatic switch to renewable energy in the last decade or so.
Compared to 2004, the global power generation capacity (excluding hydroelectricity) via renewable energy sources has jumped up a whopping 659 percent. Even back in 2013, about 19 percent of the world’s final energy consumption came from renewable sources.
The number of countries with clean energy policy targets has also risen from 48 to 144, and this number is now far greater than that thanks to the ratification of the Paris agreement.
The clean energy industry is booming, and providing far more jobs that those available in the fossil fuel sector. Importantly, China and the US – prior to Trump’s emergence as the new president – are the top-two investors in renewable energy, particularly wind and solar power.
Over time, assuming this trend keeps up, the two most prolific producers of greenhouse gases will find that their carbon footprint will begin to shrink in size – and no single politician is powerful enough to reverse this.
This new report implies that the energy revolution isn’t just imminent, but that it’s already begun, right under our noses – and it’s got the full support of the public. The future’s already here, and – although the planet is still warming far too rapidly – it is going to be a lot cleaner and greener than most of us thought it would be.