"Support for a transition away from fossil fuels reflects concerns about the actual and predicted costs of climate change and the evidence linking the warming of Earth’s atmosphere and oceans with the release of carbon dioxide and other greenhouse gases (especially methane) emitted by burning coal, oil, and natural gas. The goal of the transition is to achieve “net zero” emissions (ideally by 2050) by phasing out fossil fuels and replacing them with renewables, including solar, wind, and nuclear power.
This is not occurring. Nor is “de-fossilization.” Fossil fuels – oil, gas, and coal – still supply over 80% of global energy. Since 2013, global oil and gas consumption has risen by 14%, owing to a 25% increase in developing economies. Coal consumption remains indispensable in powering China, India, and other developing countries, and reached record highs in 2023. Renewables, while growing rapidly, are not displacing hydrocarbons, at least for now.
The reason is straightforward: energy demand is increasing at an annual rate of 2-3%, and technological advances like hydraulic fracturing (fracking) have made hydrocarbons cheaper and more abundant."
https://www.project-syndicate.org/commentary/energy-transition-from-fossil-fuels-to-renewables-is-unrealizable-idea-by-richard-haass-and-carolyn-kissane-2024-12