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Energy Transition Fantasies (The International Economy, Winter 2024)

"The mad rush to a world in which fossil fuels would have been abandoned—the 'transition'—has stalled. This development reflects Stein's law, which the late Herbert Stein first expounded in 1996: 'If something cannot go on forever, it will stop.' The urgent movement by environmental activists to transition the energy sector and eliminate greenhouse gas emissions by 2050, while not stopped, has at least been dramatically slowed."

 

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