iClima : “Fossil fuel spare capacity is short everywhere; OPEC’s is the lowest on record so they need to be cautious to use it.
Gabriela Herculano, manager of iClima Global Decarbonisation Enablers UCITS ETF
LNG and coal production are at maximum. Russia exploits the situation to weaponize fossil fuel and blow on the fire of inflation.
Price caps are only a palliative to the problem. To solve the crisis we need lower physical demand for fossil fuel. This means accelerating the short term solutions – energy efficiency and solar rooftop – as well as investments in the green economy.
The IRA bill in the US and the legislation in Germany and across the EU is providing the impetuous much needed to solve the problem.”
Source: ETFWorld
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