Headwinds, tailwinds and renewables

The global energy story could see some positive twists yet

The churn in energy markets resulting from the contraction in Russia’s gas and oil supply is rippling across borders and sectors. Almost all sources of energy have become far more valuable than they used to be in an era of plenty.

According to BloombergNEF’s latest data, energy costs are trending up. Higher interest rates, inflation and currency volatility all make clean energy pricier. That said, it is still beating dirty energy on costs, and that is set to drive growth in the sector in the near term.

“Despite the headwinds, demand for clean power remains strong,” Logan Goldie-Scot, BNEF’s head of clean