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.
Ending reliance on oil, coal, and gas, and embracing technologies that will only improve and become cheaper over time, is not just smart climate policy. It is the best way to improve economic competitiveness and human prosperity for decades to come.
With America having abandoned global leadership – especially on climate change – cooperation between China and Europe has become even more important. To reduce tensions and deepen ties, policymakers in two of the world's three largest economies should address four priorities.