Energy shocks expose Asia Pacific's gas gamble, as plunging battery costs and flexible demand tools emerge as cheaper, more secure alternatives to ‘transition fuel’ liquified natural gas.
If the current war creates a prolonged oil crisis, there will be more downward pressure on oil use – and an equal acceleration in China of electric car production at home, with an associated surge in exports.
The Transmutation Principle CEO Thibaut Meurgue-Guyard cites ESG backlash, corporate retreat from decarbonisation and burnout among sustainability professionals …