There is no green energy revolution: pretending otherwise makes us poor
The myth that the green energy transition is inevitable and will make cheap electricity for everyone is one of the most dangerous self-delusions of the global elite. Despite two decades of policy attempts, fossil fuels in 2022 still meet 81 per cent of global energy needs, down from 81.2 per cent in 2000. On the most optimistic trend, fossil fuels will still supply two-thirds of all energy in 2100.
Yet, Western governments that have most enthusiastically pursued expensive carbon-cutting policies have received plaudits from multilateral organisations, climate activists and the media, who all mistake spending money with achieving results.