“Energy transition” is a phrase that is used more often than it is examined. The idea is straightforward enough: the long shift away from fossil fuels and towards renewables and other forms of low-carbon energy, which is under way already and expected to continue for decades to come.
But it is an under-appreciated point that such a transition has no real precedent.
For businesses, investors and governments thinking about long-term energy strategy, particularly in terms of addressing the threat of climate change, history is a reminder of the scale of the challenge. Read More