Triple crisis: balancing supply, price and climate [Gas in Transition]

Triple crisis: balancing supply, price and climate [Gas in Transition]

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Natural Gas News
Triple crisis: balancing supply, price and climate [Gas in Transition]

Summary

There are no easy solutions in energy, only trade-offs. And so, as we continue to move towards clean energy, we must be realistic. by: Charles Ellinas

David Whitehouse, CEO of Offshore Energies UK (OEUK) made a forceful case at the International Energy Week (IEWeek) conference, organised by the Energy Institute between February 27-29 in London, on how to balance the supply of oil and gas, price and climate, avoiding future disruptions in energy markets. According to David Whitehouse, the energy transition must not make people poorer. It will be expensive and it is important to tell people the truth about how much it will cost. A successful transition is one that takes people with it, not one that imposes it on them. The world will not decarbonise on goodwill alone. It will need $4.3 trillion/yr and much of this will need to come from the pri...