Burn Out: The Endgame For Fossil Fuels

Hardcover | April 25, 2017

byDieter Helm

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An energy revolution is under way with far-reaching consequences for nations, companies, and the way we address climate change

Low oil prices are sending shockwaves through the global economy, and longtime industry observer Dieter Helm explains how this and other shifts are the harbingers of a coming energy revolution and how the fossil fuel age will come to an end. Surveying recent surges in technological innovations, Helm’s provocative new book documents how the global move toward the internet-of-things will inexorably reduce the demand for oil, gas, and renewables—and prove more effective than current efforts to avert climate change.
 
Oil companies and energy utilities must begin to adapt their existing business models or face future irrelevancy. Oil-exporting nations, particularly in the Middle East, will be negatively impacted, whereas the United States and European countries that are investing in new technologies may find themselves leaders in the geopolitical game. Timely and controversial, this book concludes by offering advice on what governments and businesses can and should do now to prepare for a radically different energy future.

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An energy revolution is under way with far-reaching consequences for nations, companies, and the way we address climate change Low oil prices are sending shockwaves through the global economy, and longtime industry observer Dieter Helm explains how this and other shifts are the harbingers of a coming energy revolution and how the fossi...

Dieter Helm is fellow in economics, New College, Oxford. He is also professor of energy policy and professorial research fellow, Smith School of Enterprise and the Environment, University of Oxford. He lives in Oxfordshire, UK.

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Format:HardcoverDimensions:304 pages, 9.25 × 6.13 × 0.98 inPublished:April 25, 2017Publisher:Yale University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0300225628

ISBN - 13:9780300225624

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?"When Britain's leading energy expert concludes that the fossil fuel industry is doomed, people are likely to sit up and take notice.  Dieter Helm provocatively sets out the primary causes - climate change and new technologies - along with the economic and geopolitical consequences of the endgame for fossil fuels.  This is no reason here for environmentalists to celebrate; even if investors follow a the "harvest and exit" strategy suggested by Helm, dangerous climate change is still likely without further action.  This striking new book displays Professor Helm's characteristic force and clarity, making it compelling reading for those interested in energy or climate policy."                   - Cameron Hepburn, Professor of environmental economics at the University of Oxford