Transitions within the energy sector with the switch from fossil fuels to renewables.

Fossil fuels like oil, coal, and natural gas have been widely used for energy, causing environmental problems like global warming. Efforts to combat these issues have been ongoing, but coal, in particular, remains a major component of energy production. The use of coal poses risks such as air pollution and greenhouse gas emissions. In countries like Norway, which is known for sustainable practices, there is a paradox as they rely heavily on fossil fuels for their economy. Companies are trying to find a way to reduce carbon emissions without causing economic harm. The current global situation is such that fossil fuels including oil, coal and natural gas have been central to the world's energy supply for a very long time. However, their extensive use over decades has led to significant environmental issues such as global warming and resource depletion. Efforts to combat these challenges and slow down the depletion of natural resources have been ongoing for years, but the process hasn't been as effective as hoped on a global scale. Coal remains a key component of energy production, but its use comes with increasing risks such as deteriorating air quality and greenhouse gas emissions, which are already seen as major challenges for our global society. I would add that the widespread use of coal is not just an energy policy choice, but also a cultural and historical legacy. For example, in many Asian countries, coal is considered the backbone of energy supply, even though its use poses a direct threat to global climate goals. How can we break this deep diffidence? That's a very good question, Dojo. So, I was thinking about an article I read recently about Norway and how it's considered a leader within sustainable practices and renewable energy adoption throughout its society. But what many people do not know is that Norway is one of the highest outputs of fossil fuels and it funds their whole economy. So, this creates a sort of paradox present within Norway because they want to completely switch to renewable energy sources, but they have such a dependence within their economy on oil and gas and fossil fuels that this would harm the economy in Norway overall. So, companies in Norway that sell oil and gas are trying to find a way to decarbonize the process of using fossil fuels through a phase-out program instead of entirely trying to stop using fossil fuels to eliminate the possibility of an economic burden and stress that a phase-out could cause.