Carolyn Kissane, Associate Dean of the NYU SPS Center for Global Affairs and the Founding Director of the NYU SPS Energy, Climate Justice and Sustainability Lab, writes in Barron’s on what lies ahead for energy in 2024.
“The past year was an epoch of records, disruptions, and pivotal moments in the energy world. A paradox unfolded as the globe witnessed unprecedented strides in solar and wind deployment, with investments in clean energy outpacing the traditional hydrocarbons sector. Yet the relentless demand for energy catapulted coal, gas, and oil consumption to record-breaking heights. We are in a 102 million-barrels-a-day world, and demand will continue to push that number higher. That matters not just for fossil fuels but also for the ascent of clean energy deployment and solutions. 2023 set temperature records, and 2024 may unfurl an even more scorching narrative.”