High-integrity carbon markets, local credit ratings urgent for climate finance
How will energy crunch transition impact transition to renewables?
On one hand, developing countries eyeing a switch from coal to natural gas to support higher penetration of renewables may be dissuaded by higher gas prices. On the other, the energy crunch could be proving once-and-for-all that natural gas is losing its role as a transition fuel, and that it’s time to rapidly scale renewables and battery storage for resiliency and reliability.
How will energy crunch transition impact transition to renewables?
On one hand, developing countries eyeing a switch from coal to natural gas to support higher penetration of renewables may be dissuaded by higher gas prices. On the other, the energy crunch could be proving once-and-for-all that natural gas is losing its role as a transition fuel, and that it’s time to rapidly scale renewables and battery storage for resiliency and reliability.
