Yes, the fossil economy has enabled society as a whole to create temporary wealth; the past has borrowed from the present. It’s going to be a rough comedown.
We haven’t been, and still aren’t, commensurately accounting for our environmental externalities.
If you were right about markets only using energy when it made sense, we wouldn’t have this problem:
World population and our standard of living have improved drastically over those years too, we aren’t burning that additional energy for nothing.
Yes, the fossil economy has enabled society as a whole to create temporary wealth; the past has borrowed from the present. It’s going to be a rough comedown.
We haven’t been, and still aren’t, commensurately accounting for our environmental externalities.