The balance of power has shifted in the tug of war between climate change deniers and environmental activists. The emergence of activists like Greta Thunberg notwithstanding, ground has been ceded to the other side, irrespective of global growth slowing on account of a bruising trade war between the United States and China.
According to Capgemini’s annual World Energy Markets Observatory (WEMO) report, global energy consumption increased 2.3 per cent, nearly double the average rate since 2010. This would have been less alarming had the share of non-renewables in the energy mix gone down over the years.
Nearly 75 per cent of the increase in energy demand was met by oil, coal, and natural gas, causing greenhouse gas emissions to increase 2 per cent globally. The report attributes the spike in emissions to a lack of technological breakthroughs and population growth. Read More
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