In an unprecedented study, the World Future Council conservatively estimates that the future usage loss resulting from current oil, gas and coal consumption is between $US 3.2 and 3.4 trillion per year.
Opponents of renewable energy claim conventional energy sources are cheaper on the whole, but the World Future Council report asks what costs are incurred when renewable energies are not used.
Every day that exhaustible fossil fuels are burned in lieu of potential renewable energy sources speeds up the depletion of these non-renewable fuels. Using burnt fossil fuels for non-energy related purposes, such as in the petro-chemical industry, will therefore someday be impossible, making their use when they could have been replaced by renewables a costly case of capital destruction.
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