Pessimism grows as net zero timeline extends to 2070 or beyond
Photosynthesis [image credit: Nefronus @ Wikipedia]
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The futile ‘net zero’ war on carbon dioxide isn’t going too well. Coal, oil, and gas continue to dominate global energy supplies. So-called clean energy depends on massive expansion of fuel-powered mining. Falling back on dreams of future inventions provides a crumb of comfort for the climate worriers and gravy train riders.
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There is growing pessimism among energy and natural resources (ENR) executives regarding the speed of decarbonisation, says Energy Live News.
Although the past year saw record investment in clean energy, nearly half (44%) of surveyed leaders now anticipate achieving net-zero emissions by 2070 or later—up sharply from 31% the previous year.
Only 32% believe the world can reach net zero by 2050, reversing earlier trends that forecast more rapid progress.
A new survey from Bain & Company collated insights from 700 industry leaders across oil and gas, utilities, chemicals, mining and agribusiness.
These findings reveal multiple hurdles derailing net-zero ambitions, including tighter budgets, the reluctance of shareholders to accept higher costs and uncertainty in government policy and regulation.
. . .
Overall, though net zero may not be attained as quickly as originally forecasted, executives remain hopeful that innovation, strategic investment and a relentless focus on long-term goals will eventually deliver meaningful climate progress.
Full article here.
Source: https://tallbloke.wordpress.com/2025/03/14/pessimism-grows-as-net-zero-timeline-extends-to-2070-or-beyond/
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