Rising prices could shake the energy transition

Demand for gas is soaring as electricity producers shift away from coal.
The global energy supply chain is stretched almost to breaking point and every new disruption is creating problems.
This is partly the result of decarbonizing electricity production and shows how important it is that the ongoing energy transition is handled well.

As we head into the final quarter of 2021, a global energy crisis is sending shockwaves through economies and industry sectors around the world. In addition to the immediate shortages and price hikes, this crisis could also foreshadow the fallout from a badly handled energy transition.

Energy is vital to almost every aspect of modern life. From keeping the wheels of industry turning to powering the internet, heating and lighting people’s homes, to keeping transport moving, so much of what we rely on is energy-dependent. Energy shocks are therefore…