Could the economic crisis turn out to be good for the renewable energy industry?
With Nord Stream 1 effectively shutdown until sanctions are lifted, the Gas market has gone chaotic. But this isn't such bad news. Instead of thinking a few years ahead about renewables countries are thinking about it now. If we had more wind power then this would not be happening or happening as badly. So we know things are bad and they will get worse, but what is effectively driving the cost of living crisis is our reliance on Gas. It will be painful and expensive, but over the next few years far more renewable energy sources will come on line, more wind power, more solar and hopefully more wave power (we are an island after all). Other sources are renewable energy will be looked at and found acceptable and we and most other countries will go renewable. With a new PM the UK has the opportunity to change direction to a renewable future that will secure more jobs, boost the economy and save us all from climate change.
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