A formula for global catastrophe
The Third Carbon Age
Don’t for a Second Imagine We’re Heading for an Era of Renewable Energy
By Michael T. Klare, TomDispatch
08 August 13
When it comes to energy and economics in the climate-change era, nothing is what it seems. Most of us believe (or want to believe) that the second carbon era, the Age of Oil, will soon be superseded by the Age of Renewables, just as oil had long since superseded the Age of Coal. President Obama offered exactly this vision in a much-praised June address on climate change. True, fossil fuels will be needed a little bit longer, he indicated, but soon enough they will be overtaken by renewable forms of energy.
Many other experts share this view, assuring us that increased reliance on "clean" natural gas combined with expanded investments in wind and solar power will permit a smooth transition to a green energy future in which humanity will no longer be pouring carbon dioxide and other greenhouse gases into the atmosphere. All this sounds promising indeed. There is only one fly in the ointment: it is not, in fact, the path we are presently headed down. The energy industry is not investing in any significant way in renewables. Instead, it is pouring its historic profits into new fossil-fuel projects, mainly involving the exploitation of what are called "unconventional" oil and gas reserves.
The result is indisputable: humanity is not entering a period that will be dominated by renewables. Instead, it is pioneering the third great carbon era, the Age of Unconventional Oil and Gas.
....
For all President Obama's talk of a green technology revolution, we remain deeply entrenched in a world dominated by fossil fuels, with the only true revolution now underway involving the shift from one class of such fuels to another. Without a doubt, this is a formula for global catastrophe. To survive this era, humanity must become much smarter about this new kind of energy and then take the steps necessary to compress the third carbon era and hasten in the Age of Renewables before we burn ourselves off this planet.
(Entire article here.)
Don’t for a Second Imagine We’re Heading for an Era of Renewable Energy
By Michael T. Klare, TomDispatch
08 August 13
When it comes to energy and economics in the climate-change era, nothing is what it seems. Most of us believe (or want to believe) that the second carbon era, the Age of Oil, will soon be superseded by the Age of Renewables, just as oil had long since superseded the Age of Coal. President Obama offered exactly this vision in a much-praised June address on climate change. True, fossil fuels will be needed a little bit longer, he indicated, but soon enough they will be overtaken by renewable forms of energy.
Many other experts share this view, assuring us that increased reliance on "clean" natural gas combined with expanded investments in wind and solar power will permit a smooth transition to a green energy future in which humanity will no longer be pouring carbon dioxide and other greenhouse gases into the atmosphere. All this sounds promising indeed. There is only one fly in the ointment: it is not, in fact, the path we are presently headed down. The energy industry is not investing in any significant way in renewables. Instead, it is pouring its historic profits into new fossil-fuel projects, mainly involving the exploitation of what are called "unconventional" oil and gas reserves.
The result is indisputable: humanity is not entering a period that will be dominated by renewables. Instead, it is pioneering the third great carbon era, the Age of Unconventional Oil and Gas.
....
For all President Obama's talk of a green technology revolution, we remain deeply entrenched in a world dominated by fossil fuels, with the only true revolution now underway involving the shift from one class of such fuels to another. Without a doubt, this is a formula for global catastrophe. To survive this era, humanity must become much smarter about this new kind of energy and then take the steps necessary to compress the third carbon era and hasten in the Age of Renewables before we burn ourselves off this planet.
(Entire article here.)
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