Is the eco-bubble about to burst?
After investing billions of dollars into the green-energy transition, many of the major players in the energy sector are now shifting their priorities. The global energy shortages of 2022 seem to have woken much of the world up to just how impractical renewable energy can be.
The energy crisis was a major
wake-up call for the world. It was a reminder that our energy supplies are far
more fragile than we often realise. And it made it clear that green technology
can rarely be relied on. The exception to this rule is nuclear power, which can
produce vast quantities of electricity without any carbon emissions. Despite
this, during last year's global energy crunch, working nuclear power plants
were shut down across the world, from California to Germany. This will be seen
by future generations as a moment of absolute madness. As will attempts to
phase out fossil fuels before reliable replacements are available.