Green Ambitions, Stalling Reality: Can the Market Deliver Clean Energy?

Green Ambitions, Stalling Reality: Can the Market Deliver Clean Energy?

Peter Brown Peter Brown

Peter Brown

Non Executive Director

发布日期: 2024年6月24日
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Soaring renewable energy installations masked a harsh truth in 2023: the clean energy transition is faltering. Fossil fuel use continues to climb, with China shouldering most of the renewables burden.

China's secret? State-owned companies prioritise national goals over profit, driving massive clean energy projects. The West, reliant on profit-driven private enterprise, struggles. Renewable energy offers modest returns, a stark contrast to traditional energy sources. Intense competition further squeezes profits.

Subsidies keep the West's renewables afloat, but don't guarantee strong profits. As the Earth heats inexorably, Governments face a stark choice: accept the failure of the free market for clean energy, or embrace climate catastrophe.

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