Again no real meat provided in the article except using macro assumptions with little specific evidences provided and using Europe as a key reference. We all know in terms of renewables Europe has been the only progressive region especially scandanivian countries. But growth will not come from Europe instead from regions such as Asia, South America and Africa. The real proof in the pudding is how these countries will move away from coal and adopt a sustainable fuel to transition. Renewables only make up a minority position in these countries current energy mix and now with markets on the brink of an implosion given that the globe is moving into a perfect storm configuration. There will literally be a huge funding gap and the natural choice is to continue transitioning with natural gas given in most of these countries natural gas is already contributing around 40% of the energy mix for generating power in these regions. Thus the only thing natural gas needs to do is to maintain its current importance and configuration. During such crisis among other things, renewables will suffer supply chain complications given that china will not be able to produce equipments to support global orders as global supply chains will be impacted significantly given the complication of China's relationship with the United States. Balance sheets would also shrink considerably due to multiple supply chain disruptions and lack of credit funding flowing for such efforts. Banks will return to be extremely conservative. Typically prior to these crisis renewables have been expanding on the notion of that corporate purchase contracts are able to backstop such renewable projects as oppose to natural gas which mostly is driven more towards government purchase agreements which is more attractive especially in current credit markets. Overall stakeholders that have been expanding into renewables will continue funding studies that indicate renewables market will eventually displace everything else however things like global economic depression will not tolerate changing the status quo drastically and will continue to allow changes to only happen within certain acceptable parameters.
Again no real meat provided in the article except using macro...
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