Energy prices are going up faster than ever before, and the world’s energy infrastructure is becoming increasingly fragile.
It is no surprise that energy companies are using their vast profits to make ever more aggressive moves to squeeze out competitors, while the world economy and people around the world struggle to cope with the effects of climate change.
But it is the world of the energy industry, and particularly the fossil fuel and coal-fired power plants that is going through the biggest upheaval in its history.
The biggest changes are coming from the global power sector.
For decades, the energy sector has been one of the world ‘s greatest engines of economic growth.
The US and China have been driving global growth, and by the time the oil bust hit, the US had grown to become the world leader in global energy production.
But with the advent of climate disruption, and as renewables have been increasingly priced out of the market, it has taken a big hit to the world power industry.
In the US, power plants are generating less electricity than they were in 2000, and this has put them under greater pressure to reduce their carbon emissions.
For a country that depends heavily on coal and oil, that is a disaster.
It means that power plants must either shift to renewables or cut production and emissions.
There are two main options: either they can continue to burn coal, or they can switch to gas, which emits more CO2.
The latter is the only way to meet the target of cutting CO2 emissions by 30% by 2050.
The result is that the power sector is in crisis.
If the US and other nations were to simply burn coal instead of gas, the world would have a cleaner, more reliable, more affordable and more secure energy supply, said David Schaper, head of energy policy at the World Resources Institute.
It would be much cheaper and much more affordable than it is today.
And it would make the world a much cleaner place to live and work.
The energy sector is now facing a crisis because of a fundamental problem: the global supply of coal and gas is so weak that any solution must involve either switching to coal or gas.
This means that the US is on the brink of becoming the first country in the world to switch to renewables, as US energy analyst Thomas Schlosser put it in a recent report.
It also means that we are going to have a much bigger impact on climate change than we realised, said Schlossers co-author, Michael Gough, from Stanford University.
“I would be astonished if we are not on the cusp of the largest transition in the history of the planet,” he said.
The key to getting to that point, he added, is getting the price of coal below $50 a tonne, or the price at which we can produce gas at a profit.
The cost of gas is going to fall dramatically, with a few exceptions, he said, and in the long run it could be cheaper to make electricity in the US than in other parts of the developed world.
What we need is a strong, credible and credible coalition to get that price down to $20 a tonie, and it is that coalition that we need.
We need the leadership of the US government, which is in the process of implementing a new carbon trading system, and our EU allies, who are also looking to get down to a price at least competitive with coal, Gough said.
That’s the kind of coalition that can get us down to that price point, and then get us to the point where the cost of CO2 is going down, he continued.
It is a crisis of epic proportions.
While coal and natural gas have long been the backbone of the power industry, they are being increasingly priced down as the cost to produce them rises, said Mark Jacobson, a senior energy analyst at Bloomberg New Energy Finance.
We have had a dramatic shift in the global electricity markets in recent years, and that has led to the rise in costs for coal, which are currently $2.5 to $4 a ton.
The biggest drivers of those prices are natural gas and renewables, he explained.
As coal prices fall, the price for renewables is going up, and with that comes the cost for gas, because it’s no longer a price you can compete with.
Coal is in trouble.
And that’s because it has become more expensive to burn and it’s not as cheap to produce as gas.
The problem for the industry is that it can’t compete with renewables because it doesn’t have the same level of efficiency and the ability to produce electricity at a competitive price.
That has led many companies to invest in renewables, which have the ability and the incentive to compete with coal.
That means more coal will be burned, which means more CO 2 emissions, and more power will be needed.
The price of gas has also fallen, and is now competitive with solar and wind, which can be cheaper and cheaper to produce.