Powerful economic and technological factors are driving the shift to clean energy, says the IEA's Fatih Birol for the Financial Times.
Nowhere is this clearer than in clean energy, where technologies like solar, wind and electric cars are increasingly replacing the need for fossil fuels and reining in emissions.The impetus here is coming not just from government policies but from other powerful economic, industrial, strategic and technological forces.
Electric vehicles are now at the heart of most automakers’ strategies for the future. Together with the rapidly increasing investments going into battery manufacturing, this makes a U-turn away from them improbable and impractical. It highlighted the energy security benefits of renewables, nuclear power and energy efficient technologies such as electric cars and heat pumps, that reduce consumers’ exposure to volatile fossil fuel prices.
Regardless of where they stand on climate policy, if countries want to compete with China in the industries of the future, they need to double down on clean energy plans, not dial back on them.
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