End new oil, gas and coal funding to reach net zero, says IEA

Let’s just assume for a minute that this really happens. All reliable energy projects are instantly discontinued. This would create massive energy shortages in pretty short timespans which essentially means that prices for oil, coal, and gas would go through the roof. Any idea what USD 200.- for crude would do? This would put steroids into the supply side and people paying for this would start to revolt. Action provokes an equivalent and opposing reaction.

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