From OECD Observer:
Transition to new energy sources is unavoidable, but here are five sobering first principles to remember along the way.
Are we about to switch to new energy sources? Grandiose plans are being drawn up for installing veritable forests of giant wind turbines, turning crops and straw into fuel ethanol and biodiesel, and for tapping solar radiation by fields of photovoltaic cells. As with most innovations, there is excitement and high expectation. Will these developments and other renewable energy conversions one day replace fossil fuels? Eventually they will have to, but a reality check is in order.
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