As home heating costs soar, it is increasingly absurd that so much heat is pouring out of our windows and doors, but national governments have been slow to respond.
LNG exports are sending an increasing share of the US’s natural gas production overseas, exposing the domestic market to higher global prices. Surging gas prices make renewables even more attractive.
Electricity pricing that varies by time can enable consumers to bolster grid flexibility at low cost. Few countries have deployed it widely. Now China is pioneering its widespread use.
Fossil fuel markets are becoming more unstable due to both geopolitics and the energy transition. Meanwhile, new technology means 'variable' power supply does not have to be 'unreliable'.
Record-high gas prices could be a tipping point for the energy transition. Business and policymakers in Europe should seize the opportunity for energy efficiency, renewables and green hydrogen.