Global Journal of Science Frontier Research, H: Environment & Earth Science, Volume 23 Issue 1

© 2023. Miguel Schloss. This research/review article is distributed under the terms of the Attribution-NonCommercial- NoDerivatives 4.0 International (CC BY-NC-ND 4.0). You must give appropriate credit to authors and reference this article if parts of the article are reproduced in any manner. Applicable licensing terms are at https://creativecommons.org/licenses/by-nc- nd/4.0/. Global Journal of Science Frontier Research: H Environment & Earth Science Volume 23 Issue 1 Version 1.0 Year 2023 Type: Double Blind Peer Reviewed International Research Journal Publisher: Global Journals Online ISSN: 2249-4626 & Print ISSN: 0975-5896 Aligning Interests or Precipitating Energy Transition By Miguel Schloss Abstract- “History does not repeat but it does rhyme” Tyler Cowen A lot has been debated about the effects of carbon emissions and their impact climate change. Of all the issues that need to be addressed, the one that stands out refers to the power sector, which absorbs more primary energy than any other sector, and accounts for anywhere between a third and half of carbon emissions worldwide. At stake is the need to assure continued economic development, and assuring the associated improvements in standards of living. Over the decades, growth has been propelled by massive expansion of energy demand, powered by hydrocarbons that brought about increases in CO2 emissions. In recent years, an increasing consensus has emerged that there is a need to reverse these emissions to prevent global average atmospheric from generating further temperature increases. To this end, 195 countries entered into an international agreement in Paris to limit temperature increase 1.5 degrees Centigrade of pre-industrial levels by mid-century – but there is still a long way to go to cap global warming at this level, and thus no basis for complacence. Keywords: paris agreement, climate change, decarbonization, fossil fuels, renewables, regulatory controls, enabling conditions. GJSFR-H Classification: AligningInterestsorPrecipitatingEnergyTransition Strictly as per the compliance and regulations of: DDC Code: 551.5112 LCC Code: TD885.5.G73