We Are Going Backwards

Here’s a question: Do you think we are doing enough to save the planet? After all, everyone seems to be buying Teslas, and solar and wind farms are starting to crop up everywhere. Well, the simple answer is no, we aren’t doing enough. But the blame for that doesn’t lie on your shoulders. Instead, it is the misguided and ignorant actions of governments, institutions and massive corporate entities. This is why, despite the science, economics and public pressure, plans for new oil- and gas-fired power plants actually grew by 13% last year, pushing us even closer to climate oblivion. But it turns out there is more at stake here than our precious climate.

So, where did that 13% figure come from? Well, the Global Energy Monitor (GEM) recently released their latest report. They found that in the year to July 2023, the capacity of oil- and gas-fired power stations under development around the world grew by a massive 90GW, which works out to a 13% growth. This means there are now 783 gigawatts (GW) of new oil- and gas-power capacity under development. Once completed, these projects will increase the global oil and gas power fleet by a third!

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