Global energy markets and the economics of reliability

Questions arise as to how markets are currently pricing the structural role of the energy sector in sustaining long-term economic growth and system resilience

The sustained rise in global energy availability over the past two centuries has underpinned higher living standards, longer life expectancy and economic growth. According to the Energy Institute, global primary energy consumption has increased roughly fifteenfold bet­ween 1900 and 2024, with only brief interruptions followed by rapid rebounds. The COVID-19 pandemic provided a recent illustration,…

Read the full article at the original source