It’s a bad situation to be in, since there is an immediate geopolitical need not to be dependent on OPEC and Russia, which use the oil market as a weapon of economic warfare, but there is also an immediate need to reduce fossil-fuel consumption. So far, the former has taken priority, though in both the US and the UK, large renewable power generation projects have also been coming online, and in the UK, the new government has committed to further accelerate that build-out.
Neither the US has only a few states with a phase out of fossil fuel vehicles being legally binding. The UK has nothing whatsortever. The EU seems to go for a different startegy with a sales ban in law starting 2035, while many EU countries banned fracking, which could be used to produce a large share of the local oil consumption.
It’s a bad situation to be in, since there is an immediate geopolitical need not to be dependent on OPEC and Russia, which use the oil market as a weapon of economic warfare, but there is also an immediate need to reduce fossil-fuel consumption. So far, the former has taken priority, though in both the US and the UK, large renewable power generation projects have also been coming online, and in the UK, the new government has committed to further accelerate that build-out.
Neither the US has only a few states with a phase out of fossil fuel vehicles being legally binding. The UK has nothing whatsortever. The EU seems to go for a different startegy with a sales ban in law starting 2035, while many EU countries banned fracking, which could be used to produce a large share of the local oil consumption.