Successful energy transfer requires fuel demand | OilPrice.com

There is a dark mystery about the transition of power that politicians and power brokers always miss. Unfortunately, this can never happen without the transfer of power.

In addition to strong population growth, the world will continue to use the ever-increasing amount of energy as the population grows, driven by emerging markets. Any increase in wealth includes consumption, labor. And if countries are distracted by climate change talks and move quickly toward emission targets and renewable energy, energy shortages will follow.

This is what we are seeing in Europe and Asia right now. Strong carbon dioxide emissions and a campaign to weaken investment in fossil fuels in Europe have boosted the continent’s dependence on imports for energy, despite its desire to build huge wind and solar power.

Meanwhile, after the outbreak of pandemic-initiated locks and power outages in Asia, economies were back on track. Suddenly, there was too much demand and too little gas, coal and even oil. And while oil supplies may increase relatively quickly, OPEC + has delayed supply, making gas and coal more vulnerable due to factors such as investment and plant closures.

Related: WTI crude oil price is 7 years higher Despite investment, property managers’ cold shoulder, environmental protests, and natural gas, such as bridge oil and the post-fossil fuel era, are growing – as is the demand for – and safe – for any energy needs. And this is what needs to change if the agenda of the Paris Agreement is to be fulfilled.

A team of UK researchers Put it clearly last year. The report calls for absolute zero, not net-zero: To reduce today’s energy consumption to 60%. ”

A 40 percent reduction in energy consumption would be great. The authors of the above report suggest that one of the things that could influence this unique change is switching to heat pumps and converting small cars, with more use of public transportation and the purchase of more efficient equipment.

Forget about the concept of aging that is impossible to put into practice and focus on the general idea of ​​reducing energy consumption. There is a reason why this idea is not one of the most popular power transfer topics among decision-makers. No politician has won an election by telling voters to eat less. Telling people that they should eat less than anything else why a politician does not do this causes anxiety and fear, and eventually he loses his choice.

However, the current state of energy supply in Europe and Asia shows that energy transfer is unlikely to succeed unless we somehow kill energy demand. Human history is a clear example of the fact that without government intervention, the trend is always to renew consumption – except during the holidays, when we fasten our belts, just to re-emerge as soon as the economy begins to rise.

Related – Gas prices in Europe are now equal to $ 205 for oil

Moreover, there are already hundreds of millions of people without electricity. Many transitional speeches focused on finding clean, affordable power for these hundreds of millions of people, but it was not done easily because it was so easy. Useless. And millions are coming.

There has been a concerted effort by politicians and institutions to present the energy transfer as a direct idea. We replace fossil fuels, coal and gas power plants with solar and wind farms, and voila clean and affordable energy. According to British Prime Minister Boris Johnson, it is easy to be green. Not only that.

In fact, being green, in addition to huge investments in utility-scale renewable loads and storage, requires a significant reduction in energy demand. This means supporting bicycles and leaving cars and dryers in the sun and wind – and that will be enough – is not yet clear.

For now, the idea is to switch to electric cars instead of leaving private transportation. And there are already protests in parts of Europe over the forced exit of ICE vehicles. Remember the yellow dress protests in France? They proposed a proposal to increase fuel taxes for environmental purposes. It was thought to have suppressed oil demand, but instead led to violent protests.

Loss of energy demand is the only way the energy transfer can work. However, it is something that no one wants to do, it can be direct, at least, dangerous.

By Irina Slav for Oilprice.com

More Top Readings from Oilprice.com

.

Leave a Comment