Jennifer's avatar
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Energy Investment Must Increase
"A chaos of mixed signals—stigma, virtue-signalling, subsidies, legal cases and regulations—means that investment in the energy industry is running at less than half the $5trn annual rate needed to get to net zero by mid-century. Sometimes the prevailing incentives are actively counterproductive: too little investment in new natural-gas projects is making it harder for Asia to use gas as a cleaner bridge fuel, as part of the transition from coal to renewables."

Consumers are only recently feeling the pain of poor policy decisions and a green transition that was hastened without proper planning. If you missed this Economist article from November '21, it's a must read and why I intend to remain long energy.

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