Last month, a blockbuster report from the independent financial think tank Carbon Tracker effectively wrote an obituary for non-renewable resource development. Not surprisingly, it made huge waves.
“We are entering a new epoch, comparable to the industrial revolution,” said Kingsmill Bond, Carbon Tracker’s energy strategist and lead author of the report. “Energy will tumble in price and become available to millions more, particularly in low-income countries. Geopolitics will be transformed as nations are freed from expensive imports of coal, oil and gas. Clean renewables will fight catastrophic climate change and free the planet from deadly pollution.”
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