What ‘energy transition’? Global fossil fuel use is accelerating!

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What ‘energy transition’? Global fossil fuel use is accelerating and set to get even worse

• Policymakers are under intensifying pressure to deliver on promises made as part of the Paris Agreement ahead of this year’s COP26, due to be held in Glasgow, Scotland in early November.
  
• Yet, even as politicians and business leaders publicly acknowledge the necessity of transitioning to a low-carbon society, hopes of limiting global warming — and meeting a crucial global target — are quickly deteriorating.
  
• “It is absolutely the case that the transition is moving too slowly from the climate perspective, but what is important to recognize is that it is primarily a matter of political will and economic choices,” Carroll Muffett, chief executive at the Center for International Environmental Law, told CNBC.
  

LONDON — The world’s dependency on fossil fuels is likely to get even worse in the coming decades, exacerbating the risk of a climate catastrophe as world leaders and CEOs repeatedly tout their commitment to the so-called “energy transition.”

Policymakers are under intensifying pressure to deliver on promises made as part of the Paris Agreement ahead of this year’s COP26, due to be held in Glasgow, Scotland in early November.

Yet, even as politicians and business leaders publicly acknowledge the necessity of transitioning to a low-carbon society, hopes of limiting global warming — and meeting a crucial global target — are quickly deteriorating.

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