Former Shell boss says we need to use less energy and cut carbon output
While Moody-Stewart believes in consumer choice and market forces, he also acknowledges that they both tend to lead to short-term thinking. People will tend to make the decisions that benefit themselves now, rather than years into the future. Some degree of government regulation is necessary in order to channel those forces so that people are encouraged to make decisions that will lead to better outcomes. It's definitely a refreshing change from a long-time oil company executive. With world energy requirements expected to increase 70 percent by 2030 from 2006 levels, it's clear that simply changing the sources of energy won't be enough. At the same time, because of the time and development that needs to happen, the transition needs to start happening now before the cost of fossil fuels becomes so high that economies are destroyed.
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