How Covid 19 Is Accelerating The Shift Away From Fossil Fuels
Change happens more quickly and creatively during times of economic disruption. Innovations meeting material and cultural needs accelerate. Structures preventing new, more efficient technologies weaken. As the old economy collapses, innovations “cluster” to become the core of the new economy. Over the past three centuries, there have been five great “waves” of economic disruption and clustering. The first was driven by harnessing water power, the second by steam power, the third by coal and electricity, the fourth by oil and gas, and the fifth by digital transformation....