"Since Donald Trump took office, the U.S. government has been more aggressively boosting fossil fuels to exert geopolitical dominance. President Donald Trump stated unequivocally that the military assault on Venezuela and the kidnapping of President Nicolás Maduro and his wife are aimed at gaining control of the country's oil reserves. Meanwhile, oil company shares are soaring, a dividend on the investments of "Big Oil," the major donor to Trump's election campaign."
"In China, CO2 emissions have been stagnating or declining for over a year and a half. The expansion of global renewable energy capacity reached an unprecedented 582 gigawatts (GW) last year. USD 2.4 trillion was invested in the energy transition, a third of which went into renewables. These are historic records, even if they are not enough to achieve the goal set at COP28 in Dubai: tripling the installed capacity of renewable energy worldwide by 2030."
The U.S. government has increased support for fossil fuels as a means of geopolitical dominance, with actions tied to controlling oil-rich regions and rising oil-company profits. Several oil-rich countries have faced direct or threatened U.S. intervention. Simultaneously, global energy trends show momentum toward decarbonization: China’s CO2 emissions have stagnated or declined recently, global renewable capacity grew by 582 GW in one year, and $2.4 trillion flowed into the energy transition, one-third into renewables. These gains are historic but insufficient to meet COP28’s target of tripling renewable capacity by 2030. Hans-Josef Fell frames the choice as a crossroads and notes that opting for fossil fuels risks planetary catastrophe and poor economics. Fell served in the German Bundestag from 1998 to 2013, helped draft the Renewable Energy Sources Act (EEG) 25 years ago, and the EEG promotes renewables and guarantees preferential feed-in to the power grid.
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