Energy transition is delicate

The notion of energy transition isn’t binary.

In the absence of economic viability, price still matters. The transition to renewables requires a pragmatic reality especially when if a lower cost producer exists.

“Higher fossil fuel prices will spur a faster shift to renewable sources, all else equal, as they become economically competitive in more uses/geographies. But very high oil/gas prices risk a voter backlash against decarbonization policies, which are vital to a cleaner future.”

from the embedded tweet within this article

https://www.bloomberg.com/news/articles/2021-09-27/famed-gas-trader-arnold-says-europe-crisis-is-warning-for-u-s?sref=qLOW1ygh