OPEC: The World Cannot Run On Renewable Energy And EVs

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2024-07-02 00:19:41 - Translate -

“Is it realistic to think renewables can meet the expected electricity expansion alone, particularly given the world has invested over $9.5 trillion in ‘transitioning’ over the past two decades, yet wind and solar still only supply just under 4% of the world’s energy, and EVs have a total global penetration rate of between 2% and 3%
https://www.zerohedge.com/energy/opec-world-cannot-run-renewable-energy-and-evs

“Is it realistic to think renewables can meet the expected electricity expansion alone, particularly given the world has invested over $9.5 trillion in ‘transitioning’ over the past two decades, yet wind and solar still only supply just under 4% of the world’s energy, and EVs have a total global penetration rate of between 2% and 3% https://www.zerohedge.com/energy/opec-world-cannot-run-renewable-energy-and-evs

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OPEC: The World Cannot Run On Renewable Energy And EVs

Proponents of... a world running solely on renewables and electric vehicles are not providing the full picture as their assessments of necessary investments and the speed of the energy transition sound unrealistic.

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