Global fuel shortage unlikely to derail energy transition, Bank of Singapore says – The National

Global fuel shortage unlikely to derail energy transition, Bank of Singapore says – The National

The global shortage of hydrocarbon-based fuel supply is not expected to derail international efforts to mitigate climate change and reach net zero carbon emissions by the middle of the century, according to the Bank of Singapore.

Parts of Europe and Asia have faced natural gas and coal shortages, prompted energy prices to surge to multi-year highs.

Concerns are rife that higher prices could spur more investment in hydrocarbons, which could derail efforts taken to wean the global economy off fossil fuels.