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Burn Out: The Endgame for Fossil Fuels

by Dieter Helm Yale University Press
Pub Date:
03/2017
ISBN:
9780300225624
Format:
Hbk 304 pages
Price:
AU$44.99 NZ$49.56
Product Status: In Stock Now
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Low oil prices are sending shockwaves through the global economy, and longtime industry observer Dieter Helm explains how this and other shifts are the harbingers of a coming energy revolution and how the fossil fuel age will come to an end. Surveying recent surges in technological innovations, Helm's provocative new book documents how the global move toward the internet-of-things will inexorably reduce the demand for oil, gas, and renewables-and prove more effective than current efforts to avert climate change. Oil companies and energy utilities must begin to adapt their existing business models or face future irrelevancy. Oil-exporting nations, particularly in the Middle East, will be negatively impacted, whereas the United States and European countries that are investing in new technologies may find themselves leaders in the geopolitical game. Timely and controversial, this book concludes by offering advice on what governments and businesses can and should do now to prepare for a radically different energy future.


 
"Professor Helm is not someone to pull punches, and he certainly does not in this provocative book about the long-term demise he anticipates of the fossil fuel industries.  Whether he’s correct won’t be known for many decades, but in the meantime, his thesis and the evidence he assembles merit close and careful review.”                                     - Robert N. Stavins,  Albert Pratt Professor of Business & Government, John F. Kennedy School of Government, Harvard University and Director of the Harvard Environmental                                                Economics Program
Dieter Helm is Fellow in Economics, New College, Oxford. He is also Professor of Energy Policy and Professorial Research Fellow, Smith School of Enterprise and the Environment, University of Oxford. He lives in Oxfordshire, UK.