By the time the Paris Agreement was concluded in 2015, the UN’s Intergovernmental Panel on Climate Change (IPCC) established the arbitrary 1.5°C limit on global temperature increase and established the ‘Net Zero by 2050’ policy target for developed countries around the globe.
But a spate of recent headlines suggests that the ‘Net Zero by 2050’ policy is falling apart. There is a growing realisation across advanced economies that the grandiose project of achieving ‘Net Zero by 2050’ is collapsing under the weight of its own contradictions.
What was once heralded as a consensus across the political class, corporate boardrooms and multilateral agencies now looks increasingly like an edifice of ideology built on a vaporous, oxymoronic ‘consensus science‘.
The rising tide of empirical reality — the costs of intermittent renewables, the geopolitical consequences of energy insecurity and the sheer scale of power demand growth from artificial intelligence infrastructure — has swept away the carefully constructed narrative of inevitability around the so-called energy transition....<<<Read More>>>....
