Energy crises will not derail transition

Veteran analysts conclude that short-term risks to the longer-term trend towards net zero are overblown

There has been much chatter that the present energy crisis could negatively impact the outcome of the Cop26 climate summit in Glasgow in November and the pace of the global energy transition over the longer term. Recent policy actions to alleviate sky high coal and gas prices, especially by major players such as China and the EU, have raised such alarms, as well as recent comments by the Chinese premier. And the potential for additional energy crises on the road to net zero could mean that, should this risk be real, it could repeat even if averted for now. But two grandees of the energy analytics world, Edward Morse—long-time global head of commodities research at bank Citigroup—and Adam Sie