The natural gas crisis has highlighted the obstacles on the road to the green energy transition. Discuss (200 Words)
Refer - The Indian Express
Enrich the answer from other sources, if the question demands.
IAS Parliament 3 years
KEY POINTS
· The current surge in the price of natural gas in Europe and its rippled impact on the price of coal and oil is seen as just one more twist in the sector’s business trajectory.
· On the demand side, the strongest driver has been the global economic recovery. The severe summer heat in the US, Europe and China has also been a factor.
· On the supply side, the economic blockers were the cold wave in Texas in February this year, which froze gas wells and throttled the export of US LNG
· The price increase would incentivise companies to jack up the production of natural gas, and consumers would switch to the cheaper alternatives of coal (and even oil) and conserve demand.
· Such a market-led response would, however, render hollow the commitments to phase out coal and limit the production of fossil fuel and call into question the targets for achieving net-zero carbon emissions.
· The sustainable response would be to leverage this price shock to improve energy efficiency, intensify demand conservation, intervene to prevent the switch to coal and increase investments in battery.
· Leaders will have to work together to smoothen these bumps especially those created by our continued dependence on fossil fuels.
Sanaa 3 years
please review
IAS Parliament 3 years
Try to explain the flowchart briefly and include data to support your answer. Keep Writing.
SHRIDHAR B 3 years
please review!
IAS Parliament 3 years
Try to include data to support your answer. Keep Writing.
Samy uvaraj 3 years
Review pls
IAS Parliament 3 years
Try to include data to support your answer, try upload a brighter image. Keep Writing.
Manish 3 years
IAS Parliament 3 years
Try to provide a conclusion. Keep Writing.
