Wind and solar power is expanding rapidly but is a long way off offering a safety net from price peaks for traditional, polluting energy sources, which remain deeply entrenched.
Giant sponge created in Lancashire hills to stop water flooding lowland towns - and reduce greenhouse gas emissions
But he argued his hands were tied and it is impossible to ask energy companies"to sell their energy for less than they buy it for". But since then there has been a shortfall in the production of natural gas, a sudden post pandemic boost in demand and some localised problems that have disrupted energy supplies; a drought in china and flooding in Indonesia to name just a few.
The price of high energy Australian coal, for example, which is used as a benchmark for the Asian market, has climbed to the highest level since September 2008.
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