Diversification and divestment of fossil fuels
The tide is turning from fossil fuels to renewables. Will we catch the wave at the crest, or be caught in the undertow. Dr Anjani Ganase makes the case for Trinidad and Tobago to be in the forefront of renewables. Trinidad and Tobago, like many countries around the world, is largely dependent on fossil fuels as its source of energy; but unlike many countries, we also rely on fossil fuels to drive our economy. For two generations, about 50 years, oil and gas supported our economy and this source of energy also seeded employment and innovation in the fossil fuel technology that has resulted in the successful liquid natural gas (LNG) driven economy over the recent 20 years. Today, LNG is still the biggest earner for Trinidad and Tobago. T&T is, therefore, in an especially vulnerable position, as the world is forced to consider a future of alternative energy sources to save our planet and us from the devastation of climate change. The true cost of burning gr...