"As of now, the willingness and ability of consumers to pay premiums have not been demonstrated. It is critical for industry stakeholders to strengthen and scale-up demand signals for low-emission products," says the WEF.
Clean energy proponents are touting the use of solar and wind power in oil-rich Texas, but a summer heat wave is showing the limits of renewables in sustaining a major power grid.
A defiant President Joe Biden, in a Thursday press conference at the end of the NATO summit, said that Americans should expect to pay high gasoline prices for “as long as it takes” to get Russia out of Ukraine.
"The amount of negative impact this will have will last decades if not forever turn the tide of competition with China in favor of China," said Captjur CEO Bob Bilbruck.
US President Joe Biden has blamed Russia for another crisis, saying his country might not be able to generate enough electricity to meet consumer demand.
