$Dow Jones Industrial Average (.DJI.US)$ The energy sector g...
$Dow Jones Industrial Average(.DJI.US$ The energy sector generates around three-quarters of greenhouse gas emissions today. It’s clear that renewable energy sources are the world’s only effective long-term solution to global warming. But meanwhile, the energy price spike (Display, below) is pressuring businesses and consumers.
If current trends continue, we believe similar price spikes will recur. And if policymakers and investors fail to plan the journey to a renewable world strategically, it will be hard to reach the ultimate destination of the Paris accords - net-zero carbon emissions by 2050 and limiting the rise in global temperatures to 1.5° C—to thwart a climate catastrophe.
Current and historical analyses do not guarantee future results.
Through November 8, 2021Data has been normalized to 2020. European Gas represented by TTFG1MON OECM Index (USD), Australia Export Coal represented by API31MON Index (USD), Brent Crude represented by CO1 Comdty (USD), US Gas represented by NG1 Comdty.
What’s driving the current energy crunch? In a perfect storm, demand leapt as the world returned to work after COVID-19. But unusual weather patterns meant renewable power sources failed to perform as expected, while hydrocarbon supplies were hit by disruptions globally. Investor aversion to fossil fuels like oil and coal is only a subsidiary factor in today’s price crunch, which we expect will moderate next year as several temporary factors reverse. Still, with shareholders and other stakeholders pressing energy companies to limit oil and gas investment, today’s problems are likely a foretaste of more crunches to come.
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John Dow : "unusual weather patterns meant renewable power sources failed to perform as expected,"
And this is the issue with renewable..... they are unreliable.... full stop.... end of story....
woodfill : Moat means monopoly
GoldenGold : It’s unbelievable that international oil prices have achieved such a big increase in less than two years.