JPMorgan warns clean energy transition could take ‘decades or generations’

www.utilitydive.com— New research from the U.S. bank pointed to inflation, high interest rates and geopolitical issues as key roadblocks delaying the shift from fossil fuels to renewable energy.

CNBC—JPMorgan’s calls for a reality check on energy transition are sensible, UAE energy minister says. The energy minister of the UAE concurred with JPMorgan's calls for there to be a "reality check" on the world's energy transition goals and pathway.

The Philippine Star—Transition to clean energy is crucial. The actual start of summer in the United States is still a month away but people are already beginning to feel the heat. Many countries across the globe, particularly in Asia, are also experiencing scorching temperatures at above 40 degrees Centigrade (104 degrees Fahrenheit), prompting climatologist and weather historian Maximilliano Herrera to declare that “thousands of records are being brutalized all over Asia, which is by far the most extreme event in world climatic history.”

The Indian Express—The clean energy transition has become messy. I have been involved with the petroleum industry for over four decades. I do not recollect a more combustible, contrarian and confusing complex of forces bearing on it than those today. It has never been easy to call the timing and rate of change of oil prices. This is because they are influenced by the non-fundamentals of geopolitics, exchange rates, speculators and the predilections of corporate and political leaders. The direction of change has, however, been easier to foretell because it was...