Financial Speculation in Capacity Markets Undermines the Energy Transition
Cynthia Hanawalt and Vincent Nolette
Compounding their significant climate and environmental harms, fossil fuels are also volatile commodities. In 2022, Russia’s invasion of Ukraine disrupted the supply of natural gas, causing prices to spike. More recently, the United States’ war on Iran resulted in the closure of the Strait of Hormuz, one of the most important oil and gas chokepoints […]