Fossil exploration and extraction and the returns to renewable energy

摘要

To date, the global economy is heavily reliant on fossil resources. As fossil stocks continueto be burned at a rapid pace, investment efforts are required to satisfy the energy needs ofthe future.1 These efforts can broadly take one of two forms: exploration and developmentof fossil reserves, or innovation and investment in renewable energy technologies. Whensuccessful, the former expands the readily recoverable reserves of the fossil resource, whilethe latter creates and deploys substitute technologies.