> Any reason to believe countries “looking to industrialize” will opt for the more expensive fossil fuel option?
Sure, it isn't cheaper or more economical. You are not going to industrialize with rooftop solar panels. Or wind farms which only produce electricity when its windy. For the same reason batteries or gas is cheaper than jet fuel but you can't power a plane on double a batteries.
There are major geopolitical "wars" happening right now over gas/oil pipelines.
https://www.bloomberg.com/news/articles/2020-11-29/nord-stre...
If "renewables" were cheaper or going to be cheaper, why would europe, russia, US, middle east, etc waste their time?
Or fight horrific wars over pipelines.
https://www.news.com.au/world/middle-east/is-the-fight-over-...
Here is the US oil production. Notice that huge spike the last 10 years?
https://en.wikipedia.org/wiki/File:US_Crude_Oil_Production_a...
Here is US gas production. Notice the huge spike the last 10 years?
https://en.wikipedia.org/wiki/File:US_Natural_Gas_Production...
The "renewables" are cheap and going to save the world are for naive children who don't know how the world works. The kind of naive people who think veganism is good for the environment/animals or that we can solve our landfill issues by flying garbage into the sun. Or the naive people who think renewables are actually good for the environment.
Renewable energy production is going to rise for sure, but much of that will be hydroelectric power via dams. Those cause their share of environmental problems.
If wealthy developed nations are opting for "more expensive fossil fuel", even to the point of going through costly wars, what do you think poor undeveloped countries are going to do? It's not rocket science.
The ony solution to our fossil fuel problem is a revolutionary breakthrough like fusion. That's it. Until then the world is going to burn fossil fuel for many more decades at the very least.