As oil insecurity deepens, the extraction risks of fossil fuels
rise, and concerns about climate instability cast a shadow over the
future of coal, a new world energy economy is emerging. The old
economy, fueled by oil, natural gas, and coal is being replaced
with one powered by wind, solar, and geothermal energy.
The Great Transition details the accelerating pace of this
global energy revolution. As many countries become less enamored
with coal and nuclear power, they are embracing an array of clean,
renewable energies. Whereas solar energy projects were once
small-scale, largely designed for residential use, energy investors
are now building utility-scale solar projects. Strides are being
made: some of the huge wind farm complexes under construction in
China will each produce as much electricity as several nuclear
power plants, and an electrified transport system supplemented by
the use of bicycles could reshape the way we think about
mobility.
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