Since Donald Trump has been back in office, energy prices have increased at more than double the rate of inflation. The Consumer Price Index from the end of October reported an “all items price index” increase for food, shelter, and transportation of 3.0 percent over a 12-month period, while energy ...
Yeah, it’s really weird to look to china as a saving grace on anything, but I think you’re right. They’ve been going all in on renewables in the way that we should be. Hopefully that’ll drive prices down even further.
I also think that with their huge stakes in industrializing countries in Africa, many newly industrialized regions may just skip over the headache of transitioning off petroleum altogether.
Fingers crossed that china keeps pushing!