September 9, 2024
The United States has long been at the forefront of the clean energy revolution, with a decade-long effort to switch from fossil fuels to renewable energy sources in its power sector.
Despite the efforts of U.S. power generators to prioritize clean power sources over fossil fuels, a troubling trend has emerged. According to recent data, fossil fuels continue to dominate the nation's energy landscape.
In fact, since 2014, fossil fuels have remained the top source of energy for the country's power sector. This is a stark contrast to the clean energy surge that the industry has been touting in recent years.
On the surface, the numbers look promising. U.S. power generators have managed to lift clean electricity generation capacity by over 70% in the past decade. Renewable energy sources, such as wind and solar power, are being rolled out at the fastest pace in history.
But scratch beneath the surface, and a more concerning picture emerges. The growth of clean energy sources has not been enough to offset the nation's dependence on fossil fuels. This raises serious questions about the ongoing effort to transition America's energy sector away from pollutants and towards cleaner sources of energy.
The continued dominance of fossil fuels is a challenge that policymakers and industry leaders cannot ignore. In order to achieve meaningful progress in the fight against climate change, the country must be willing to confront the entrenched interests of Big Oil and Big Coal.
While the task ahead will not be easy, there are reasons to be optimistic. The public remains enthusiastically behind the effort to switch to clean energy, and new technologies are emerging every day to help make the transition more affordable and accessible.
However, time is running out. Climate change is one of the most pressing issues of our time, and the pursuit of energy mix harmony is far from been solved. On the one hand, investors should still support the continued breakthroughs that allow solar and wind-generated renewable energy power cheaper.
On the other hand, policymakers have to deal with the rising climate situation which scientists calls: -the fossil fuel addiction hazard. At the moment, fossil-based energies are still essential for oil and gas. And, there is a risk to the continued demand for oil and natural gas. This seems likely to support new efforts to raise fossil fuel efficiency or the re-birth of the Carbon Capture and Storage Techniques to be used into the manufacturing industry.
Another obvious issue for change will be the -easier to say than done- fact of dismantling carbon-intensive technologies. To be able to fulfill those challenges, we thought it could be really interesting to take a closer look to a large economies example. One example is the economy of the US. They manage since 2019 to keep their energy mix in slow decrease. In other words: America needs to think deep about the role of fossil fuels in its economy.
Because on the years to come, one main questions is bound to emerge: Should we preserve our -historical- intensive-energy industry model? Because this will be for the governments worldwide the perfect economical problem to deal with.
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