Investing in clean energy capacity now more important than ever

WE SEEM to be in an endless cycle. Energy supply shocks following the outbreak of war in Ukraine have resulted in governments hastily organising energy security strategies to diversify fossil fuel imports and mitigate the impact on households and business. The price of gas has skyrocketed, improving the economics of more carbon-intensive coal. These events have clear implications for greenhouse-gas emissions and the climate.

A summer of significant heatwaves has painted a clear picture of how climate change can further exacerbate energy supply problems. Low river water levels and high temperatures have affected fuel supplies and power provision.

How can this cycle be broken?