Energy

Global fossil fuel use accelerating and set to get even worse

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Electricity pylons are seen in front of the cooling towers of the coal-fired power station of German energy giant RWE in Weisweiler, western Germany, on January 26, 2021.

INA FASSBENDER | AFP | Getty Images

LONDON — The world’s dependency on fossil fuels is likely to get even worse in the coming decades, exacerbating the risk of a climate catastrophe as world leaders and CEOs repeatedly tout their commitment to the so-called “energy transition.”

Policymakers are under intensifying pressure to deliver on promises made as part of the Paris Agreement ahead of this year’s COP26, due to be held in Glasgow, Scotland in early November.

Yet, even as politicians and business leaders publicly…



Source cnbc.com

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