UK wind subsidies go negative
Plus: Putin’s gas-fired power play, stranded asset risks exaggerated + MORE
First up: There’s only one story worth talking about this week: soaring European energy prices. It’s complicated, so today’s break-out story is a bit longer than usual.
And: A corollary of crazily high power prices is, yes, negative subsidies. Wind farms are now paying money back to the UK government.
Here’s the line-up:
💥Too much politics, not enough gas – Dissecting the European energy crunch
Wind subsidies go negative as UK power prices soar
Humanity is getting better at extracting economic value from oil
Are stranded asset risks being exaggerated?
Unsound monetary policies incentivise wasteful oil production
Energy transition is complex, and debate too polarised
COP must shift the narrative from pain to gain