Looming Recession May Be The Energy Transition’s Biggest Threat

Raw material costs and looming shortages: these have been the dangers on the path of the world’s energy system transition from fossil fuels to low-carbon alternatives. Until inflation and recession reared their twin heads. Since the start of the year, economies in Europe and North America, previously stalwarts of economic growth, even with hiccups such as the 2008 financial crisis, have been slowing down, and fears of runaway inflation have been rising.

While most of the media attention in this respect has been focused on consumer prices…