EU methane regulations require an end to venting and flaring in #gas production, remediation of wells, and the closure of other highly active leaks.

China remains dominant in the manufacture of batteries and solar modules.

China remains dominant in the manufacture of batteries and solar modules.

The costs of inaction or delayed action were impressively demonstrated several years ago by British economist and World Bank chief economist Nicholas Stern.

The problem, however, is that the transformation of the global energy supply is progressing too slowly. This could have serious economic consequences due to climate-related damage.

The economic levers are likely to be stronger than the US administration's ideologically driven plans for fossil fuel dominance. Even progressive oil-producing countries have long understood the impact of economic forces.

We have already very low prices for renewables, we will see a lot of places in the future with electricity prices of about 1 cent/kwh (€). Electric cars are much more efficient than combustion cars. And every country can reduce its dependency from oil and gas with homegrown renewables.