We are at a tipping point. Positive feedback loops underpinned by innovation will likely lead to a mass displacement of fossil fuels by renewables. In this article, we identify seven feedback loops that are driving a rapid transformation of the global energy system.
Peak fossil fuel demand likely occurred in 2019. This marks the tipping point where positive feedback loops start to dominate the system. We identify seven virtuous and vicious feedback loops:
The 2020s will be a decade of cascading change, powered by interlinking feedback loops. Investors and policymakers need to understand the dynamics of change to take advantage of the new world that is rapidly opening up.