June 6, 2024 | Nikkei Asia

China is main beneficiary of West’s futile energy transition push

Consumption of fossil fuels is as strong as ever as they remain irreplaceable
June 6, 2024 | Nikkei Asia

China is main beneficiary of West’s futile energy transition push

Consumption of fossil fuels is as strong as ever as they remain irreplaceable

Excerpt

U.S. President Joe Biden, U.N. Secretary-General Antonio Guterres, European Commission President Ursula von der Leyen, the heads of the World Bank, International Monetary Fund and World Economic Forum, and almost all mainstream media agree that the world is in the midst of an energy transition from fossil fuels to renewable energy.

They all present this as an undisputed fact even though there are no indications that renewable energy is really taking the place of global consumption of fossil fuels. But this wishful assumption of an energy transition is contributing to the squandering of economic resources and Western deindustrialization, as well as generating significant national security hazards.

Brenda Shaffer is a research faculty member with the Energy Academic Group of the U.S. Naval Postgraduate School in Monterey, California. She is also senior adviser on energy at the Foundation for Defense of Democracies and a senior fellow at the Global Energy Center of the Atlantic Council.

Issues:

China Energy