Fossil fuels already peaked, growth in renewables exponential
The Rocky Mountain Institute said global demand for fossil fuels peaked in 2019, and renewables are occupying that demand due to low costs and shifts in global capital.
Related Knowledge Center: ENERGY BASICS: fossil fuels
Fossil fuels — coal, oil and natural gas, primarily — remain the dominant energy sources for much of the world, with their accompanying infrastructure of mines, drilling and production wells, pipelines and various forms of transportation. But they have become more problematic as governments struggle to address climate change and pivot to energy sources that do not result in carbon dioxide emissions.