The “energy transition” from hydrocarbons to renewables and electrification is not as simple or straightforward as many advocates of “zero emissions by 2050” had hoped.The NP Comment newsletter from columnist Colby Cosh and NP Comment editors tackles the important topics with boldness, verve and wit. Get NP Platformed delivered to your inbox weekdays by 4 p.m. ET.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.
Macro-economic analyses have also not been given sufficient attention in the policy-planning process. Instead, central bankers like Christine Lagarde of the European Central Bank and Jerome Powell of the Federal Reserve are wandering away from their macro-economic remit and glibly endorsing “climate stress tests” as an expansion of their mandate.Article content
Thanks to Russia’s war in Ukraine, energy security and the key role of hydrocarbons is the immediate concern. Adequate and reasonably priced supplies need to be insulated from geo-political risk and economic hardship. Keeping the lights on, factories open and homes heated still requires hydrocarbons and will for decades to come. That is the most important reality check.
Nuclear war biggest threat. Preach peace like realDonaldTrump .