Reality Check: The IEA Busts 10 Myths About the Energy Transition

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Reality Check: The IEA Busts 10 Myths About the Energy Transition
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Renewables are growing exponentially, RMI has shown. The shift is transformative, but also widely undercounted. The International Energy Agency’s latest findings -- on renewables’ rise and oil demand peaking -- add urgency to this transition.

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Renewables are growing exponentially, RMI has shown. The shift is transformative, but also widely undercounted. The International Energy Agency’s latest findings — on renewables’ rise and oil demand peaking — add urgency to this transition. There is as much naysaying about the clean energy transition as there are ways to accelerate it. The excuses spread by detractors, pessimists, and companies trying to protect their polluting businesses abound: “Wind and solar take up too much land. We don’t have enough critical minerals. The transition to clean energy will be too expensive.” The list goes on and on..

Most notably, the IEA busts 10 prominent myths that are misleading society about the energy transition. We highlight them here..” Conventional thinking argues that the capital costs of the energy transition are too high. But you also need to look at the costs of the fuel too — fossil fuels are expensive and renewables are free.

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