![]() ![]() The fear of an oil embargo or a gas shortage was enough to forge alliances or start wars, and access to oil deposits conferred great wealth. For most of the past century, geopolitical power was intimately connected to fossil fuels. In a race to curb climate change, countries are rushing to cut fossil fuels, boost clean energy - and transform their economies in the process.īut as the energy system changes, so will energy politics. And 189 countries have joined the 2015 Paris climate accord, which aims to limit global warming to well below 2C. Dozens of the world’s biggest economies have adopted targets for net-zero emissions of greenhouse gases by 2050. He admits that his record in this respect is not exactly blameless: Fortescue’s carbon footprint is two million tonnes of CO2 per year, about as much as a small island state.Īustralia itself has long been a climate laggard and a major coal exporter, but as China and other big customers plan to cut their emissions, taking their business with them, that may be changing. “We just can’t keep doing things the way we have always done them, otherwise our planet is going to be toast,” he says. As climate concerns increase, the world is getting behind the energy transition - even in the most unlikely quarters. While many are cynical about the environmental conversion of a man who has made a fortune selling iron ore, Forrest is part of a trend. A growing lobby is pushing for the country to become a ‘renewable superpower’ © AAPIMAGE/Reuters Williamsdale solar farm in Canberra, Australia. ![]()
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