{"id":128323,"date":"2021-09-29T23:25:08","date_gmt":"2021-09-30T06:25:08","guid":{"rendered":"https:\/\/lifeboat.com\/blog\/2021\/09\/global-energy-price-spikes-will-get-worse-before-they-get-better"},"modified":"2021-09-29T23:25:08","modified_gmt":"2021-09-30T06:25:08","slug":"global-energy-price-spikes-will-get-worse-before-they-get-better","status":"publish","type":"post","link":"https:\/\/lifeboat.com\/blog\/2021\/09\/global-energy-price-spikes-will-get-worse-before-they-get-better","title":{"rendered":"Global energy price spikes will get worse before they get better"},"content":{"rendered":"<p><a class=\"aligncenter blog-photo\" href=\"https:\/\/lifeboat.com\/blog.images\/global-energy-price-spikes-will-get-worse-before-they-get-better2.jpg\"><\/a><\/p>\n<p>But the global effort to fight <a href=\"https:\/\/qz.com\/re\/climate-change\/\">climate change<\/a> is also causing problems. Europe\u2019s wind farms haven\u2019t seen a good breeze in months, and droughts in China and South America have dried up power generation from hydro dams. Meanwhile, surging prices for carbon pollution credits in Europe have made fossil alternatives even more expensive, and Chinese grid operators have come under mounting political pressure to help the country meet its carbon emissions targets by burning less coal.<\/p>\n<p>The energy crisis could imperil political support for climate policies, just as the COP26 climate summit approaches in Glasgow in November. But there are steps governments can take to prevent energy market turmoil leading to sky-high electric bills and breakdowns in the global supply chain.<\/p>\n<p>\u201cWhat we\u2019re seeing is an unfortunate set of circumstances during a period of transition where we haven\u2019t fully moved from one system to another,\u201d says James Henderson, director of the Energy Transition Research Initiative at Oxford University. \u201cDuring that period, market risks are enhanced. It\u2019s impossible to envision a world where there won\u2019t be more volatility.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>But the global effort to fight climate change is also causing problems. Europe\u2019s wind farms haven\u2019t seen a good breeze in months, and droughts in China and South America have dried up power generation from hydro dams. Meanwhile, surging prices for carbon pollution credits in Europe have made fossil alternatives even more expensive, and Chinese [\u2026]<\/p>\n","protected":false},"author":614,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[493,17],"tags":[],"class_list":["post-128323","post","type-post","status-publish","format-standard","hentry","category-climatology","category-sustainability"],"_links":{"self":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/128323","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/users\/614"}],"replies":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/comments?post=128323"}],"version-history":[{"count":0,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/128323\/revisions"}],"wp:attachment":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/media?parent=128323"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/categories?post=128323"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/tags?post=128323"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}