Photo by Dan Meyers on Unsplash

The Fossil Fuel Industry Is Being Chocked Out

But not fast enough.

Will Lockett
Published in
4 min readJun 15, 2024

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We are barrelling towards a global catastrophe. The science is crystal clear that human-caused climate change is set to ravage the entire planet. In the coming decades, we will see billions of refugees fleeing their native countries as their local climates become too hot and too dry to support human life. Harvests are set to fail year after year as extreme weather grips every corner of the Earth. This extreme weather will cause trillions upon trillions of dollars of damage each year. Every economy on the planet is set to suffer enormous losses as these failing crops and growing damages take their toll. But we can stop this future from coming true. There is just enough time for us to phase out fossil fuels, adopt low-carbon energy, and save our future. Well, a recent report by the IEA suggests that we are finally taking these planet saving measures. But are they enough?

This report found that global investment in clean energy technologies and infrastructure, including renewables, electric vehicles (EVs), nuclear power, grids, storage, low-emissions fuels, efficiency improvements and heat pumps, is set to be twice that invested in fossil fuels. Total global energy investment is set to exceed $3 trillion in 2024, the most humanity has ever invested in energy. Of that $3 trillion, $2 trillion is earmarked to be…

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Will Lockett
Predict

Independent journalist covering global politics, climate change and technology. Get articles early at www.planetearthandbeyond.co