In a new report published this week by the Manhattan Institute, “The “Energy Transition” Delusion: A Reality Reset” (full copy below), Mark Mills takes on the dangerous delusion of a global energy transition that eliminates the use of fossil fuels. Looking at energy markets and public policy around the world, Mills asks readers of the report to “consider that years of hypertrophied rhetoric and trillions of dollars of spending and subsidies on a transition have not significantly changed the energy landscape.” Here are the facts: The world still depends on hydrocarbons (fossil fuels) for 84% of all energy, just two percentage points lower than 20 years ago. Solar and wind technologies today supply barely 5% of global energy. Indeed it is a dangerous self-delusion to say we can dump fossil energy anytime soon–within the next 50-100 years. At least, not without a mass extinction (execution) of the human race.
In a new report published this week by the Manhattan Institute, “The “Energy Transition” Delusion: A Reality Reset” (full copy below), Mark Mills takes on the dangerous delusion of a global energy transition that eliminates the use of fossil fuels. Looking at energy markets and public policy around the world, Mills asks readers of the report to “consider that years of hypertrophied rhetoric and trillions of dollars of spending and subsidies on a transition have not significantly changed the energy landscape.” Here are the facts: The world still depends on hydrocarbons (fossil fuels) for 84% of all energy, just two percentage points lower than 20 years ago. Solar and wind technologies today supply barely 5% of global energy. Indeed it is a dangerous self-delusion to say we can dump fossil energy anytime soon–within the next 50-100 years. At least, not without a mass extinction (execution) of the human race.