As they prepare for the next round of global climate talks in November, officials from rich countries are trying to pull together a series of multibillion-dollar packages to help poor countries phase out coal.
European leaders promised to scale up the continent’s renewable-power capacity while reducing imports of Russian gas, but words move faster than permits.
The Russian invasion of Ukraine, covid-related supply chain disruptions, and rising inflation have all fuelled a narrative that the clean energy transition will be highly inflationary.