As the world adjusts to a life of rolling COVID hotspots, many of the newly-formed habits, born of necessity, are expected to become permanent. This is not all bad news: reduced pollution, fewer cases of pollution-linked serious childhood allergies and asthma, an often-improved worklife balance for those able to avoid the everyday commute; the list goes on. All these trends are helping us towards a more sustainable future, despite the howls of protest from certain political quarters. Enlightened governments around the world are, at last, enacting the legislation necessary to help avoid a looming climate crisis. Reduced travel and a movement towards more sustainable solutions have decreased demand for oil and coal with, for example, Germany phasing out coal from its energy portfolio. This is not without pain for countries that have not invested in alternatives. The UAE’s enlightened long-term investments to create a service economy is the poster child for farsightedness. Despite the long-term lower oil prices, the move towards electrically-powered vehicles seems unstoppable lifting Tesla to become the world’s most valuable car company (article).
When traditional oil firms invest billions in battery production (article)
we know that the world is changing. Whether for smoothing renewable energy supply flows, or powering vehicles, it is certainly not about fossil fuels. Even in the Middle East – that bastion of fossil fuel firms are investing in hydrogen production (article)
for use in vehicle fuel cells such as Germany’s hydrogen-powered trains (article)