Goldman Sachs’ Jeff Currie: ‘$3.8 Trillion of Investment in Renewables Moved Fossil Fuels from 82% to 81% of Overall Energy Consumption’ in 10 Years

 Economist Jeff Currie of Goldman Sachs (Global Head of Commodities Research in the Global Investment Research Division): "Here's a stat for you, as of January of this year, fossil fuels represented 81 percent of overall energy consumption. But given the recent events and what's happened with the loss of gas and replacing it with coal, that number is likely above 82."

Are natural gas and nuclear and coal alternatives to OPEC production?

• Kernen: "Fossil fuel alternatives to oil, gas, solar, wind, you name it."
• CURRIE: "No, we haven't transitioned quick enough to the green stuff. We need to invest in overall energy production, infrastructure, and the ability to supply and deliver it."

https://wattsupwiththat.com/2022/10/25/goldman-sachs-jeff-currie-3-8-trillion-of-investment-in-renewables-moved-fossil-fuels-from-82-to-81-of-overall-energy-consumption-in-10-years/