Juan Cole teaches Middle Eastern and South Asian history at the University of Michigan. His newest book, 'Muhammad: Prophet of Peace Amid the Clash of Empires' was published in 2020. He is also the author of 'The New Arabs: How the Millennial Generation Is Changing the Middle East' (2015) and 'Napoleon's Egypt: Invading the Middle East' (2008).
Last week, the International Energy Agency put out a new report that turns conventional wisdom regarding the clean energy transition on its head.It is cheaper for everyone to adopt solar, wind, batteries, and other renewables as soon as possible than to go on depending on coal, fossil gas, and petroleum.
Fossil fuels are remaining just as expensive as they always were, but renewables are rapidly declining in price. These declines will continue as new technologies are invented and implemented.Although there are up front costs of building solar and wind farms, these new energy plants will pay for themselves over time, and by the 2040s energy will be much cheaper. The IEA says, “Today, around 50% of total consumer energy expenditure is on oil products, and another 35% is on electricity.
Climate Emergency Fossil Fuel Subsidies Fossil Fuels International Energy Agency Solar Wind Energy Transition
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