As coal plants continue to falter in production and solar capacity increases, the future of energy remains unknown. While renewable sources grow on a global scale, fossil fuels still account for the vast majority of our energy usage. In fact, only 20 fossil fuel companies account for more than a third of carbon emissions.
When it comes to renewable energy vs. fossil fuels, the projected outcomes vary widely. Some reports see peak fossil fuel demand as a past event, while others show the climax approaching in forthcoming years. When comparing the two, it’s essential to consider current rates of production and future trends. Forecasted changes depend on the cost efficiency of renewables, consumer demand for sustainable options, political and financial backing and the decrease of energy usage on a global scale.