“The decline in carbon energy and the end of the internal combustion engine. Renewable power storage solutions and electric vehicles based upon advanced battery technology. The future is disruptive, fast and transformative!” – Futurist Jim Carroll
Oil is over, carbon is done, ICE is in perpetual decline (that’s the internal combustion energy), and the business model of big centralized energy utilities is done.
The future is electric, batteries, renewables, distributed – and fast!
These trends are undeniable – while I and others have been speaking of them for years, the business press pretty much acknowledges them as fast.
I wrote about this reality in Trend #14 of my ’19 Trends for 2019’, stating:
“What is important is acknowledging the speed and reality of the trend, and in 2019, the acceleration is real.
So here’s the thing: despite the current moment of political idiocy around us involving 19th coal, there is one undeniable fact going into the future : oil and carbon is over.
As the CEO of one global energy company said on stage before my keynote for a global energy conference, “we have one last oil boom left. Then that’s it.”
Oil will always be with us, but it is now on the decline and alternatives are clearly on the ascendant
The acceleration of the science that leads to the end of oil is undeniable. Batteries EV’s, solar, wind, biomass – you name it, and in the long run, science wins.
And that’s a part of my message this morning in Morocco as I open the global IFC / World Bank Global Manufacturing Conference!