3min chapter

The Gray Area with Sean Illing cover image

Fighting a world on fire with fire

The Gray Area with Sean Illing

CHAPTER

Climate Change and Renewable Energy

The cheaper renewables get, the less profit you can make out of them if you are a big energy company. A recent study by bret christophers shows that for companies like exo mobile shell, total renewble energy projects generate an internal rate of return around 5%. Climate doesn't care how many wind turbines we build or solar panels, if we also pipe lines and coal mines and gas terminals. You have to stop the fossil ful production and switch to renewable energy if you're going to stabilize, or at least minimize the destabilization of the climate.

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