In many ways, the high energy prices of 2022 are inadvertently helping renewables, as they are the cheapest form of energy and are not dependent on the usual players.
, et al. Incumbents typically pay the the price for worldwide issues such as inflation despite the fact they didn’t cause it, nor do they have a magic giant red “Fix Inflation Now” button on their desks that they refuse to push.may cause western nations to falter on their support for Ukraine. This would speed up returning Russian oil and gas to the market to lower consumer prices. This of course makes transitioning to renewables more difficult.
Building a renewable-centric grid to account for their variability would prevent these sorts of problems, but that’s a complex answer and not an easy answer. ThisThere is a recession forecast for next year and it could be long and painful. In countries with center or left leaders, voters who choose to kill the messenger may choose to elect conservatives who promise easy answers and more comforting fossil fuels. Inflation is on everyone’s mind and a quick fix is very appealing to voters.
Implement policy that works to rapidly accelerate price parity for solar, wind, EVs, and grid level energy storage. The American Inflation Reduction Act does help on this front, but more is needed and every other country on Earth needs to also take steps on this front. This also includes fast tracking mining permits for renewable minerals to bring down battery costs.
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