If we continue to see the private sector as our savior from climate catastrophe, we'll continue to fail.

And the IEA, for its part, expects China to continue to be the sole meaningful over-achiever. It recently revised upwards by 728 GW its forecast for total global renewables capacity additions in the period 2023–27. China’s share of this upward revision? Almost 90 percent. While China surges ahead, the rest of the world remains stuck.

  • possibly a cat@lemmy.ml
    0·
    8 months ago

    The US Senate is now threatening the IEA, saying that it’s going to pull funding.

    They claim that IEA projections guide industry, and they don’t like the way industry is reacting to the IEA projections.

    This boils down to the fact that the IEA considers energy within the context of climate change - that infinite oil cannot be burned forever because it will kill us and stop us from burning more oil. The Senate does not consider this a valid criteria for evaluating energy security because “reasons” (impairment of short-term profit & power).

    The US government is waging a war against reality, the planet, and its inhabitants on behalf of a handful of industry titans. Which leads me to the same conclusion (for the millionth time): Capitalism can’t solve climate change.