The energy transition is in full swing, with governments, financiers, and even the fossil fuel industry investing in emission reductions and low-carbon technologies to the tune of $755 billion last year — a 27% increase from 2020. But investing in new technologies does not mean we should rush to unplug the reliable resources that ensure power grids operate effectively through extreme weather and spikes in demand.
Changes to our energy supply should be based in reality, not dictated by bumper sticker slogans. Polling shows that the public expects reliability and affordability from power providers, and an effective transition depends on both. The good news is we can execute a reliable energy transition of our power supply without sacrificing low costs and durability. But to do this, environmentalists need to recognize a few facts.
