2 ms·
Exactly. I would add to this that pro-longed price uncertainty for fossil fuels causes people to invest in alternatives to minimize their risk and exposure and
by jillesvangurp 4y ago
Exactly. I would add to this that pro-longed price uncertainty for fossil fuels causes people to invest in alternatives to minimize their risk and exposure and to divest from any solutions involving coal or gas. Even if it's profitable right now, it might very well not be in just the blink of an eye. Coal and gas related assets are increasingly toxic from an investment point of view as well.
Also, renewables were already very competitive before the war started. The added price uncertainty since then is just widening the gap. Anyone who has the option is considering putting solar on their roof, replacing their gas boiler with a heat pump, and buying an EV. Once people start receiving 1000 euro monthly bills for heating, people are going to get creative trying to fix that. Such a thing has happened this winter and people are acting accordingly.