The author cites the BNEF energy transition investment trends report a few times, and I encourage everybody to flip through it. It contains many interesting facts, and you certainly have to take an extremely skewed view to arrive at the same conclusions as the author: https://about.bnef.com/energy-transition-investment/
Notably, the banner fact that 2022 was the first year - ever - where global investment in renewables equalled investment in fossil fuels[1]. This was primarily championed by China, which produced one of the most astonishing graphs I've seen in recent times[2]. It entirely upended how I view leadership on this issue and what countries are taking it remotely seriously. Canada isn't even in the top 10!
Anyway, given that - again - this is the first time ever that investment in renewables has matched investment in fossil fuels, it is not surprising that fossil fuel usage has continued to grow.
Are you sure? That first graph is very oddly worded. It says investment in "energy transition" matched fossil fuel investment, not renewables, but that only half of "energy transition" investment was investment in supply. What exactly is investment in demand meant to mean? This doesn't seem to be comparing investment in energy sources at all.
Comments
The author cites the BNEF energy transition investment trends report a few times, and I encourage everybody to flip through it. It contains many interesting facts, and you certainly have to take an extremely skewed view to arrive at the same conclusions as the author: https://about.bnef.com/energy-transition-investment/
Notably, the banner fact that 2022 was the first year - ever - where global investment in renewables equalled investment in fossil fuels[1]. This was primarily championed by China, which produced one of the most astonishing graphs I've seen in recent times[2]. It entirely upended how I view leadership on this issue and what countries are taking it remotely seriously. Canada isn't even in the top 10!
Anyway, given that - again - this is the first time ever that investment in renewables has matched investment in fossil fuels, it is not surprising that fossil fuel usage has continued to grow.
[1] https://imgur.com/B2QBY6u
[2] https://imgur.com/OlMAKVd
Are you sure? That first graph is very oddly worded. It says investment in "energy transition" matched fossil fuel investment, not renewables, but that only half of "energy transition" investment was investment in supply. What exactly is investment in demand meant to mean? This doesn't seem to be comparing investment in energy sources at all.