World's shift to renewable energy could pay the price for fuel crisis

Low prices, until recently, for energy of all types might have left consumers with too-rosy a picture of how much they will pay for fuel.

Photo: Bloomberg

Photo: Bloomberg

Tyler Cowen | Bloomberg Opinion
The Covid-19 pandemic has led to many unforeseen consequences, and right now we may be approaching one of the biggest: the possible neutering of the green energy movement. Prices of fossil fuels are rising sharply, and most of the world is responding by trying to get those prices back down again. Voters might end up bitterly opposed to ever seeing more expensive energy again. That poses a problem for the adoption of renewable energy, because during the transition away from fossil fuels, many forms of energy are likely to cost more.  
To rewind just a bit, three events have come

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First Published: Oct 17 2021 | 6:46 AM IST

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