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The new energy transition: History is bunk


The conventional lessons drawn from previous energy transitions are not applicable to the new energy revolution. This revolution will be rapid and its impact dramatic.

Renewables are different. Unlike fossil fuels, renewables are available everywhere, they are being adopted by every country, they have constantly falling costs, and they can piggy-back off existing infrastructure.

Energy demand growth is low. Global energy demand growth is only one third (1 per cent versus 3 per...

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