A global clean energy transition is inevitable because of climate change.
Tim Sullivan ’23, Chief Executive Officer of the New Jersey Economic Development Authority, May 20, “The clean energy transition is inevitable”, https://www.nj.com/opinion/2023/05/the-clean-energy-transition-is-inevitable-opinion.html#:~:text=We%20have%20no%20choice%20but,energy%20source%20of%20the%20future.] calista
The United States is in the early days of a global clean energy revolution. The question facing New Jersey is whether we want to lead, follow, or be left behind while other states in our region capture the extraordinary economic, environmental, and energy benefits from renewable energy.
The clean energy transition is inevitable – yes, inevitable. And not because of any political or ideological perspective. We’re already experiencing the realities of climate change in our day-to-day lives. We have no choice but to develop scalable, affordable, reliable alternatives to oil, gas, and coal because fossil fuels are steadily becoming more expensive, less reliable, and likelier to drive geopolitical instability.
Fossil fuels will not be the dominant global energy source of the future. Even oil and gas companies know this – that’s why they are some of the largest investors in offshore wind, solar, hydrogen, fusion, and other new technologies.