The FT writes, the world needs a “reality check” on its move from fossil fuels to renewable energy, J.P. Morgan has warned, saying it may take “generations” to hit net-zero targets.
It would not only take generations to reach net zero, if ever, depending on how you define it; there will be generations of subsidies in the US, because the so-called Inflation Reduction Act provides for subsidies for renewables until net zero is reached. There is no cut-off for ongoing subsidies.
It would not only take generations to reach net zero, if ever, depending on how you define it; there will be generations of subsidies in the US, because the so-called Inflation Reduction Act provides for subsidies for renewables until net zero is reached. There is no cut-off for ongoing subsidies.