We hear calls for the “elimination of fossil fuels” as the primary solution to climate change, those calls coming from investors, institutions, governments—and from many world leaders and others gathered at COP26 in Glasgow, Scotland.

COMMENTARY

As we begin to experience the outcome of recent energy policies that focus on the buildout of renewables capacity, while actively discouraging oil and gas production and development of energy infrastructure such as pipelines, and also advocating for nuclear power shutdowns, greenhouse gas emissions are likely to increase dramatically alongside energy and food prices.

As the energy demands from a global population of more than 7.7 billion people relentlessly increase, dangerous shortages of energy are developing, and gaps in supply will be met with increased use of coal, which is the most carbon-intensive energy source.

Understanding fundamental truths about energy and carbon emissions is critical; ignoring or wishing away the challenges will result in energy crises, higher emissions, social challenges and ultimately, no policy durability.…

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