In the short-term the impact will be negative, but in the mid-term it could prove to be an accelerator towards a new energy paradigm, just as previous wars accelerated energy transitions into civilian life.
“The 19th century’s naval wars accelerated a shift from wind- to coal-powered vessels. World War I brought about a shift from coal to oil. World War II introduced nuclear energy as a major power source. In each of these cases, wartime innovations flowed directly to the civilian economy and ushered in a new era.”
However, one line caught my attention particularly. In order for the long term upside to be achieved, our “leaders [must] act with farsightedness and courage.
#netzero #ClimateAction #energytransistion
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