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Energy Crisis Makes Green Transition an ‘Unprecedented Challenge’

  • Yergin tells Davos that world has lurched in energy transition
  • Fortescue sees China steel sector decarbonizing early

The world is rethinking its energy transition after a shortage of traditional fuels has left billions either in the dark or paying skyrocketing prices for power. 

Trying to rapidly deploy clean energy without investing enough in conventional sources has led to a series of lurches in the transition, author Daniel Yergin said at a World Economic Forum panel in Davos on Tuesday.