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Investment in clean energy likely to be double figure for fossil fuels in 2024, IEA says

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Solar investment outstrips all other power forms: IEA

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Metaculus

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"[C]limate change is just a very, very expensive form of tax."

"I believe in climate change caused by human beings. What I'm skeptical about is the glib notion that it means the end of the world as we know it."

"The clock is no longer just ticking, it is banging."

"There is no long-term prosperity without action on climate change."

"The time for seeking global solutions [to climate change] is running out."

"The climate crisis is the existential threat. That's not hyperbole; it's a fact."

"[W]e are killing our planet."

Climate change is "above all, an existential crisis."

"Climate change is one of the greatest challenges mankind faces."

"If we don't take action, the collapse of our civilisations and the extinction of much of the natural world is on the horizon."

"Humanity is on thin ice — and that ice is melting fast."

"We haven't yet exceeded the bounds of viable human civilisation, but we're getting close."

Is Climate Change an Existential Threat?

Wind and solar power provided 30% of the EU's electricity for the first time in the first half of 2024, according to the climate think tank Ember. The report found that coal, oil, and gas power generation decreased by 17% compared to the year before, down to 27%.

Nuclear (24%), hydro (15%), and biofuels (4%), respectively, generated the remaining energy. France, Germany, the Netherlands, and Belgium were among 13 EU nations that generated more power from renewables than fossil fuels in the first 6 months of the year.

BusinessGreen News

After COVID-19 and the gas price crisis, power consumption increased by 0.7% year-over-year, but there was a decrease in fossil fuel dependency. This dramatic decline in fossil fuel use was attributed to the significant development of wind and solar energy. Additionally, mild weather and increased hydropower output contributed to the reduction.

EuroNews

Europe is one of the largest historical polluters of planet-heating gases, resulting in more severe and violent extreme weather events. It also has the most ambitious economic targets for cleaning up these emissions. Since Russia invaded Ukraine, European governments have pushed renewable energy hard.

Solar power has increased, but wind power has struggled with high inflation and growing public and political opposition. The lobby group, Wind Generating Europe, reported a record 16.2 GW of new wind-generating capacity in 2023, barely half of what was required to meet its end-of-decade climate goals.

Ember analyst Dr. Chris Rosslowe remarked, "We are witnessing a historic shift in the power sector, and it is happening rapidly." Most of the bloc and its 13 member nations currently generate more power from wind and solar than fossil fuels.

Sean Gallup / Stringer / Getty Images News via Getty Images ***PLEASE REPLACE WATERMARKED IMAGE***

Renewables overtake fossil fuels to provide 30% of EU electricity

The Controversies

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