Underinvestment is a significant contributor to global energy shortages, what we are actually now seeing is a failure of investment in both renewables and in “dirty” fossil-fuel-driven energy. In a time when so many countries are trying to transition to renewable forms of energy it is clear that such a transition to different energy sources indeed will not happen overnight, and in the meantime less investment is being made into fossil fuels will only lead to major energy shortages globally. Far-reaching legislative proposals to cut down the EU’s greenhouse gas emissions are driving such historically high prices in Europe, while UK will be investing in nuclear to bridge the gap between dirty and renewable energy, and clearly in China overly ambitious climate targets will be helping curb supply. Underinvestment is most shocking in Lebanon, were corruption has led to the most shocking shortages of supply and infrastructure, and the Lebanese are plagued by blackouts and fuel shortages. Do you think the Green fund will stabilize world energy supply ?
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