The problem with fossil fuels is that it is more cost-effective in terms of energy. I doubt many 3rd world countries or even China will stop using it until renewables develop further and are competitive price-wise with fossil fuels.
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That is spot on. All the talk about renewables and the third world nations are not stopping their use of fossil fuel. In fact they depend upon them.
Time will get the cost down of renewables but not in the next couple years. The advancement is impressive but it is still rather slow if the goal is complete elimination.
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That's very accurate. We're shifting away from fossil but it's gonna be a while before they are gone for good. And, as you said, third world countries would be on the tail of that transition.
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