Why choking off oil and gas supply does the world more harm than good
Demand to continue growing to 2050, new outlooks show
Two new global energy outlooks released amid major shortages in Asia and Europe underscore the reality that it will take decades for the world to shift to low carbon energy.
Rash policies that cut off traditional supply can have unintended consequences that threaten the ultimate goal, according to leading energy economist Peter Tertzakian.
“The imperative is to reduce emissions as fast as possible without inconveniencing the public as we go forward,” Tertzakian, executive director of the ARC Energy Research Institute, said on an October podcast.