The Energy Crunch is the Real Start of the Energy Transition

Energy crunch: The price of diesel and other fuels used for heating has soared as a winter energy crunch pinches supplies globally. In Europe, natural gas prices have more than tripled and even played a role in raising oil prices as the crisis raises the prospect of power plants switching from gas to oil.

Introduction

The gradual economic recovery following the COVID-19 pandemic has been interrupted by faltering supply chains and surging energy prices. As the virus caused citizens and businesses to…