this post was submitted on 21 Mar 2026
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Unlike during previous oil shocks, renewable power is now competitive with fossil fuels in many places. More than 90% of new renewable power projects worldwide in 2024 were cheaper than fossil-fuel alternatives, according to the International Renewable Energy Agency.

“These crises regularly occur,” said James Bowen of the Australia-based consultancy, ReMap Research. “They are a feature, not a bug, of a fossil fuel-based energy system.”

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[–] sharkfucker420@lemmy.ml 6 points 10 hours ago* (last edited 10 hours ago) (1 children)
[–] mickey@hexbear.net 3 points 9 hours ago

Comrade Trump takes the world economy off oil but without any offramp from hydrocarbons, we resort to coal burning and wind up with Cyber-Steampunk Occident vs Solarpunk Orient.