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‘High energy prices are more of a threat than an opportunity for renewables’ – pv magazine International

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In a short interview with pv magazine, Indra Overland, head of the Center for Energy Research at the Norwegian Institute for International Affairs, explains how keeping a cap on gas and electricity prices is crucial to avoid long-term political damage and a loss of support for decarbonization plans. While it is difficult to say what the overall impact on the world economy will be, high costs and instability are rarely beneficial for economic growth, he says.

Rising electricity and gas prices are currently putting the global economy under heavy pressure and also highlighting the world’s dependence on fossil fuels, particularly gas, at a time when energy demand is growing significantly and supply is becoming scarce. According to several analysts, this crisis may represent a unique opportunity for renewable energy sources and green hydrogen, as soaring prices make them much more competitive.

Indra Overland, head of the…

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