Economist Jeff Currie is head of commodities research in the Global Investment Research Division of Goldman Sachs. He was interviewed by Joe Keenan on CNBC and Climate Depot has a transcript of what Currie said.
At the end of last year, overall, fossil fuels represented 81 percent of overall energy consumption. Ten years ago, they were at 82. So though, all of that investment in renewables, you’re talking about 3.8 trillion, let me repeat that $3.8 trillion of investment in renewables moved fossil fuel consumption from 82 to 81 percent, of the overall energy consumption.
Bottom line, there isn’t enough money in the world to replace with renewables all of the fossil fuel energy we use. Get over it, it won’t happen because it can’t happen. Let’s get busy developing technology to enable us to cope with whatever comes climatically
