...we're running into physical limits; the short term shock will be hard.
Those changes have been long in the making; the changes began with the rising costs of energy extraction. Rather than "Peak Oil", we are closer to a "Peak ERoEI" of sorts: for the same Energy Inputs to extract hydrocarbons, our Energy Returns have been steadily decreasing.
https://georgejnasr.wpcomstaging.com/2022/04/04/the-energy-cliff/
The COP30 phased out language about "phasing out" all "fossil fuels"; here's to the return of scientific objectivity