November’s Energy Earthquake: A World Reshaped by Politics, Power, and Pragmatism
15 hours ago Guest Blogger 38 Comments
By Vijay Jayaraj
As the global energy landscape pivots in the shadow of November 2024’s seismic political developments, the world finds itself navigating a complex web of geopolitics, market maneuvers and environmental debates.
In recent weeks, we have seen the return to world leadership chief climate skeptic Donald Trump and the conspicuous absences of key leaders at “green” energy’s COP29 annual summit. These punctuate emerging narratives from Africa, Asia and Latin America that signal an unmistakable ascendance of energy security and national sovereignty as priorities not to be denied.
The supposed unified, Western-led march toward decarbonization has given way to a more complex reality of increasing fossil fuel consumption driven by economic and societal pressures for wealth creation in developing countries.
The Future of World’s Largest Oil Producer
Donald Trump’s election victory has once again emboldened many countries to reassess their current climate policies. His plans include expanding offshore drilling, reviving coal mining and dismantling unnecessary and expensive federal support for intermittent energy sources.
https://wattsupwiththat.com/2024/12/04/novembers-energy-earthquake-a-world-reshaped-by-politics-power-and-pragmatism/
