Thursday, May 26, 2022
The Green Market Oracle
  • Climate Change
    • Greenhouse Gas Emissions
    • Biodiversity
    • Wildfires
    • Extreme Weather
  • Energy
    • Fossil Fuels
    • Renewables
  • Politics
    • American Politics
    • Canadian Politics
    • International Politics
  • Social Change
    • Activism
    • Disinformation
    • Education
    • Psychology
    • Gender Equality
  • Business and Economics
    • Leadership
    • Decarbonization
    • Economics
    • Supply Chains
    • Investing
  • Technology
    • Carbon Removal
    • Carbon Capture
    • Transportation
    • Buildings
    • Food
No Result
View All Result
  • Climate Change
    • Greenhouse Gas Emissions
    • Biodiversity
    • Wildfires
    • Extreme Weather
  • Energy
    • Fossil Fuels
    • Renewables
  • Politics
    • American Politics
    • Canadian Politics
    • International Politics
  • Social Change
    • Activism
    • Disinformation
    • Education
    • Psychology
    • Gender Equality
  • Business and Economics
    • Leadership
    • Decarbonization
    • Economics
    • Supply Chains
    • Investing
  • Technology
    • Carbon Removal
    • Carbon Capture
    • Transportation
    • Buildings
    • Food
No Result
View All Result
The Green Market Oracle
No Result
View All Result
Home Other

Sustainable Growth Excludes Fossil Fuels

by Richard Matthews
May 14, 2011
in Other
0

Sustainable economic growth is utterly impossible as long as oil, coal and natural gas provide nearly 88 percent of the world’s energy needs. According to EIA (the US Energy Information Administration), total world consumption of marketed energy will increase by 49 percent between 2007 to 2035. The International Energy Agency predicted that Chinese energy demand would soar 75 percent by 2035, accounting for more than a third of the growth in global consumption.

The most egregious source of energy is coal, in India, more than 50% of commercial energy demand is met with coal and according to 2008 statistics, coal accounts for 71 percent of China’s energy mix. The US is not much better with 23 percent of its total energy demand being met with coal.

We simply cannot afford economic growth that is so reliant on dirty energy like coal. Although growth is a serious environmental threat, it could also be a valuable opportunity to radically expand the clean energy economy. New innovative applications of sustainable technologies can significantly reduce emissions and old inefficient technologies can be replaced with cleaner greener technologies.

Renewable energy is the great hope for the planet because it is sustainable energy, but renewable energy is not cost competitive cheap and abundant coal. Therefore, cost considerations alone will not drive the move away from coal.

The increasing price of oil and the uncertainty of the fossil fuel markets is something that business are increasingly considering and it is only a matter of time before we remove oil subsidies. However, until we see climate change energy legislation and regulation, business have an opportunity to show leadership by voluntarily replacing coal with renewable energy.

Economic growth that includes fossil fuels precludes the possibility of a living planet.

© 2011, Richard Matthews. All rights reserved.

Related Posts
Two More Reasons to Move Beyond Fossil Fuels
Businesses Will Lead the Transition from Oil to Renewable Energy
Sustainable Economic Growth
Greenpeace Campaign is Asking Facebook to Unfriend Coal
Reigning in Irresponsible Oil Giants
Offshore Oil is an Avoidable Tragedy
Peak Oil
The Economic Calamity of Peak Oil
the price of crude oil
Planning a Future Without Oil
Oil and Renewables
The End of Oil and the Next Energy Economy
End Fossil Fuel Subsidies

ShareTweetShare
Previous Post

Is Capitalism Sustainable?

Next Post

Businesses Will Lead the Transition from Oil to Renewable Energy

Related Posts

Seasons Greetings from the Green Market Oracle

by Richard Matthews
December 24, 2021
0

American Courts are Defending Democracy and the Environment

by Richard Matthews
December 14, 2020
0

Despite unprecedented challenges, America's legal system has held. In recent weeks the courts have repeatedly defended democracy and in the last four years they have overturned a wide range of environmental...

Environmental Plebiscites: Municipal Referendums and State Ballot Initiatives

by Richard Matthews
November 12, 2020
0

The November 3rd election not only elected an environmentally responsible president it also gave Americans a chance to vote on environmental issues in five state ballots and two city referendums. Americans ...

Next Post

Businesses Will Lead the Transition from Oil to Renewable Energy

Leave a Reply Cancel reply

Follow Us

  • Facebook
  • Twitter
  • Email
  • LinkedIn
  • Reddit
  • SoundCloud

Subscribe to the Blog

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Economics

Defining Sustainable Economic Systems – Development vs Growth

by Richard Matthews
April 20, 2022
0

Prevailing economic systems are not working and it is becoming increasingly clear that we require a paradigm shift to address...

Read more
List of private equity firms and investment funds that focus on on sustainable development goals: Climate action, clean energy, sustainable cities and communities, quality education, innovation and infrastructure, life below water, and life on land.

List of the Top Sustainability Focused Private Equity Firms

March 21, 2022
russia's invasion of ukraine from the perspective of climate and energy

Russia’s War From a Climate Perspective

March 14, 2022
Private Equity Firms Are Paving the Way to a More Sustainable Future

Private Equity Firms Are Paving the Way to a More Sustainable Future 

February 21, 2022
sustainably invested cash money

Top 12 Green Private Equity Firms

February 7, 2022
  • About
  • Climate Change
  • Energy
  • Business and Economics
  • Politics
  • Technology
  • Social Change
  • Events
  • Other

© 2021 Copyright The Green Market Oracle.

No Result
View All Result
  • Business and Economics
    • Leadership
    • Supply Chains
  • Economics
  • Energy
    • Fossil Fuels
    • Renewables
  • Climate Change
    • Greenhouse Gas Emissions
    • Biodiversity
    • Extreme Weather
    • Wildfires
  • Investing
  • Politics
    • American Politics
    • Canadian Politics
    • International Politics
  • Technology
    • Buildings
    • Carbon Capture
    • Food
    • Transportation
  • Social Change
    • Education
    • Activism
    • Psychology

© 2021 Copyright The Green Market Oracle.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In