Economics Explained Why We Can’t Just Stop Oil
Mar 25, 2024
Exploring the link between oil consumption and GDP, the decreasing costs of clean energy technologies like solar power, and the challenges in transitioning completely to renewable energy sources
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Fossil Fuels’ Global Impact
- Fossil fuels cause major global issues, including climate change and health problems.
- Despite costs and risks, fossil fuels remain central to global energy supply and economy.
Why Fossil Fuel Use Rises
- Global fossil fuel usage keeps rising despite known problems and cheaper alternatives.
- Economic factors block a logical transition away from fossil fuels worldwide.
Consumers Drive Emissions
- Many major emissions come from producing consumer goods we all use.
- Industries emit carbon mainly to meet the demand of consumers worldwide.