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Behind the Energy Crisis: Fossil Fuel Investment Drops, and Renewables Aren’t Ready

Behind the Energy Crisis: Fossil Fuel Investment Drops, and Renewables Aren’t Ready

An energy price shock is serving as a reminder of the world’s continued dependency on fossil fuels—even amid efforts to shift to renewable sources of energy.

Demand for oil, coal and natural gas has skyrocketed world-wide in recent weeks as unusual weather conditions and resurgent economies emerging from the pandemic combine to create energy shortages from China to Brazil to the U.K.

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