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The development and adoption of technologies that will (and must[1][2]) replace fossil fuels are accelerating[3][4]. The combined effect of better technology an
by beatpanda 12y ago
The development and adoption of technologies that will (and must[1][2]) replace fossil fuels are accelerating[3][4]. The combined effect of better technology and legislation will drive demand for fossil fuels into the ground over the next few decades. There is some speculation[5] that this is why Saudi Arabia won't cut production to drive oil prices back up.
[1]http://www.lse.ac.uk/GranthamInstitute/wp-content/uploads/2014/02/PB-unburnable-carbon-2013-wasted-capital-stranded-assets.pdf http://www.lse.ac.uk/GranthamInstitute/wp-content/uploads/20...
[2]http://www.nature.com/nature/journal/v517/n7533/full/nature14016.html http://www.nature.com/nature/journal/v517/n7533/full/nature1...
[3]http://cleantechnica.com/2014/04/24/us-solar-energy-capacity-grew-an-astounding-418-from-2010-2014/ http://cleantechnica.com/2014/04/24/us-solar-energy-capacity...
[4]http://cleantechnica.com/2014/02/06/technological-advancements-drove-solar-panel-prices/ http://cleantechnica.com/2014/02/06/technological-advancemen...
[5]http://www.energypost.eu/historic-moment-saudi-arabia-sees-end-oil-age-coming-opens-valves-carbon-bubble/ http://www.energypost.eu/historic-moment-saudi-arabia-sees-e...