Energy crunch amid pivot to low-carbon future shows why world can't ditch oil and gas just yet

For now, global markets remain volatile and prices of coal, gas and oil are likely to rise further as winter approaches. PHOTO: REUTERS
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SINGAPORE - If you are thinking of getting on board the global rally in oil and gas prices to make some money, go ahead buy a mutual fund or an exchange-traded fund from your wealth manager.

No one can blame you for betraying the green cause, especially after the International Energy Agency (IEA) said last week that investments in both fossil fuels and renewable energy are needed to ensure a smooth transition to a greener future.

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