and companies are on a journey of discovery about climate change and the energy business. The first stage, in the early 2010s, was characterised by indifference. The second phase, in the past few years, has involved setting idealistic emissions-cutting targets far in the future that cost little today. In 2022 the third stage of the journey will get under way, amid dangerously volatile energy prices, fears of greenflation and rising geopolitical risks.
When it came, the reality check was brutal. A surging economy in mid-2021 pushed up energy demand. By October the price of a basket of fossil fuels was up by 95% year on year. China and India faced blackouts and Europe a lack of gas . A shortage of fossil fuels, which account for 83% of primary energy use, threatened to push global inflation above 5%, hurt growth and spook the public. In response, politicians turned back the clock.
Bitcoin is dipping deeper into the old resistance area in an effort to flip it into a new support area weekly retest in progress Luis_harris1 is a super underrated Bitcoiner I've been taking his advise and tips seriously & I've been doing super extremely good.
no one seems to be talking about the flip side to rushing to greener solutions ( don't get me wrong, I'm all for it ) but probably because if anyone pointed out the near term economic disasters such a rush will incur, well...