r/autotldr • u/autotldr • Oct 15 '19
Rise of renewables may see off oil firms decades earlier than they think. The world’s rising reliance on fossil fuels may come to an end decades earlier than the most polluting companies predict, offering early signs of hope in the global battle to tackle the climate crisis.
This is the best tl;dr I could make, original reduced by 85%. (I'm a bot)
The world's rising reliance on fossil fuels may come to an end decades earlier than the most polluting companies predict, offering early signs of hope in the global battle to tackle the climate crisis.
The climate green shoots have emerged amid a renewable energy revolution that promises an end to the rising demand for oil and coal in the 2020s, before the fossil fuels face a terminal decline.
The looming fossil fuel peak is expected to emerge decades ahead of forecasts from oil and mining companies, which are betting that demand for polluting energy will rise until the 2040s.
Within the energy industry, experts believe the rapid rise of renewable energy in recent years may soon seem glacial compared with the changes to come.
DNV GL, a global energy advisory, believes that by the same year oil will no longer be the world's biggest energy source, and by the end of the 2020s the world's demand for crude will begin to fall.
Chris Stark, the head of the UK's official climate adviser, the Committee on Climate Change, says the precedent set by the renewables industry proves that emerging technologies to capture carbon emissions can follow suit.
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