While oil and gas prices have historically always been volatile and are expected by analysts to normalize again after the winter, it raises the question of their impact on the energy transition.
Over the next few weeks, world leaders will gather at the COP26 summit in Glasgow as they continue to set a course for global greenhouse gas emissions to reach net zero by 2050.
At the same time, a global shortage of natural gas due to low stockpiles has sparked a supply crunch around the world, pushing up power prices and leading policymakers to grapple with potentially sky-high power bills come winter.
