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Not necessarily. Most governments of wealthy nations are determined to prop up fossil fuel use regardless of so-called 'economic' or environmental fundamentals.
by crispinb 7y ago
Not necessarily. Most governments of wealthy nations are determined to prop up fossil fuel use regardless of so-called 'economic' or environmental fundamentals. This is very well-established in research but for a recent newsy report see https://www.theguardian.com/environment/2019/jun/25/g20-nations-triple-coal-power-subsidies-climate-crisis https://www.theguardian.com/environment/2019/jun/25/g20-nati....
You might say this can't go on forever as it soaks up government revenue unsustainably. But many decades can pass before 'forever' is hit, and we're in amongst the decades that really count, right now.
- Gibbon1 7y agoIt can go on for a long time indeed. The issue is that eventually your infrastructure is hopelessly outdated. And your key industries run by goldbricks whose core competence is demanding subsidies and hand outs. See the US steel industry for an example. It was a long hard fight but we did it. The US steel industry went from being a world leader to not particularly important in 50 years.