An interesting article titled ‘Why the global fossil-fuel phase-out is a fantasy akin to time travel’ has been published in the Financial Post’.
The opinion piece highlights the real cost of investing in infrastructure to meet the current and future energy demands. Presuming the cost of investing in non-carbon based energy could be met, there would also be the need to manage the environmental consequences of those investments.
Canada would need to build two and a half $13-billion hydro dams every year! On a global basis, such a transition would require building the equivalent of one new 1.5-gigawatt nuclear plant every day for the next 30 years.