The transition to renewable energy: the way out of the climate crisis But the oil, gas and coal tycoons have other plans
Recently, the climate conference was held in Dubai, and it left behind decisions and recommendations that may mark an important step in the fight against global warming. Despite the skepticism that some of the participants, including myself, expressed, many of us trust that these recommendations will lead to significant change and salvation for the environment.
At the center of the discussions was the question of whether there will be a decrease in the development and output of mineral fuel sources following the conference. According to reports by the global organization Global Witness, the fuel industry is expected to invest approximately 1 trillion dollars in the development of mineral fuel in the coming decade. The European market alone is expected to consume $225 billion worth of fuel, despite warnings from climate experts about the environmental consequences of this development.
The organization's forecasts state that large oil companies such as Exxon, Total, Shell, Eni, and Equinor will invest huge sums in the development and supply of fuel, despite the global risk of continued dependence on fossil fuels. The forecast for the coming decade shows a significant increase in fuel expenses for Europe, with an increase from 60 billion dollars in 2024 to 105 billion dollars in 2033.
Due to the increase in investments in fossil fuels, the Intergovernmental Panel on Climate Change (IPCC) warns that continued dependence on these fuels will cause global warming to rise above 1.5 degrees Celsius, which could lead to a global environmental disaster. The way to avoid this, as the report indicates, is through a sharp cut in demand for gas and other fossil fuels, while encouraging a transition to clean and renewable energy.
In addition, observations show that Europe is on a dangerous path, with plans to continue developing fossil fuel, despite the EU High Commissioner's proposal to cut emissions by 2040. Lobbyists from the gas industry claim that gas is considered a "clean fuel" compared to coal or oil, but studies indicate Because the use of gas also leads to methane emissions, which is a significant factor in global warming.
The organization Climate Action Network Europe points out that accelerating the exposure to efficient and renewable energy sources can reduce the demand for gas and make gas fields redundant, which will result in economic losses for the fuel companies. Governments are required to put pressure on the fuel industry to prevent the continued use of polluting fuels and to encourage a transition to renewable energy.
Finally, Israel, which continues to develop and use fossil fuel even though it is located in one of the most sensitive areas to global warming, is required to change this course. The consequences of continued fossil fuel development could be critical, and there is a moral obligation to act for a greener and more sustainable future.
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