News Analysis

Fuel crunch will lead to emissions spike but could also drive green investment

Energy-hungry nations refocusing on fossil fuels in interim but analysts say crunch could lead to faster pace of renewables investment.

The IEA says the current rebound in using fossil fules is causing the second-largest annual increase in CO2 emissions in history. PHOTO: REUTERS
New: Gift this subscriber-only story to your friends and family

SINGAPORE - The global scramble for coal, oil and gas supplies is a reminder not only of the world's deep dependency on fossil fuels but also its vulnerability to destabilising price shocks, and the huge climate and health risks from burning carbon-intensive energy.

India and China are scrambling for high-priced coal, caught short by resurgent economies and lack of supplies. Gas prices have surged in Europe, triggering factory shutdowns and power bill spikes, forcing some utilities to turn to coal.

Please or to continue reading the full article.

Get unlimited access to all stories at $0.99/month

  • Latest headlines and exclusive stories
  • In-depth analyses and award-winning multimedia content
  • Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months*

*Terms and conditions apply.

Find out more about climate change and how it could affect you on the ST microsite here.