Renewables - an alternative energy source to replace an increasingly fragile oil supply

The majority of the world's transport is powered by oil (photo: dpa)
The majority of the world's transport is powered by oil (photo: dpa)

The world urgently needs to address its growing hunger for oil and it needs to search for alternatives with the political drive and conviction that saw many governments readdress their nuclear policy in the wake of Japan’s Fukushima disaster in 2011.

OIL IS the blood of the global economy. It powers 94 per cent of the world's transport.

[[quote]]

Many believe this will change when e-mobility (electric-powered transport) becomes the clean substitute for oil. However, the International Energy Agency (IEA), in its latest World Energy Outlook, predicts that by 2035 some 88 per cent of all transport will still be fuelled by oil.

...

Not a subscriber yet?

Subscribe now and get the latest in-depth geopolitical analysis and forecasts from GIS’s unrivaled cadre of experts.

Learn more about our subscription plans.

You can also buy this report for €8.99 Buy

Add your comment