With oil costing more than $100 a barrel, and Russia’s war in Ukraine underscoring the risk of relying on fossil fuel, it would seem like a great time to speed up the transition away from the polluting fuel. The reality isn’t so simple.
Public support for climate action is higher than ever in most countries, but that doesn’t ease the economic pain when everything from food to transport gets more costly. “This is an unfortunate downside of the economy we’ve got that runs on fossil fuels,” said Charlie Donovan, a visiting professor of finance at the University of Washington.
