Return of the fossil fuels

The reality is grim. Green energy is in retreat. The battle against climate change, which has put the oil and gas industry on the defensive for some time now, is weakening. The changing political map of the world, taking a right tilt all around — from the Americas to Europe — is helping industries wriggle out of the situation. The changing political map has pushed the climate battle on a back burner, making net-zero targets a more difficult task to achieve in most parts of the world. China is among the few bright stars still shining on the green initiative horizon. The re-entry of President-elect Donald Trump into the White House on Jan 20 will be a big boon to the fossil fuel industry. During the campaign, Mr Trump has explicitly said he would pull the US out of the Paris Climate Accord — the global treaty on climate change — as he did during his first tenure.