2023
DOI: 10.1016/j.isci.2023.106491
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The impact of the energy crisis on the UK’s net-zero transition

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Cited by 11 publications
(2 citation statements)
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“…Given these potentially higher system costs, also driven by short-term fossil-fuel infrastructure needs [21], there is evident conflict with the long-term goals of decarbonisation and energy security, risking creating sizeable, stranded assets in the fossil-fuel sector-e.g., in LNG infrastructure, as much as half of which may be obsolete by the end of this decade [25]. Nonetheless, it would also entail the lowest gas price uptick in the near term among all 'corner' options, due to the relatively increased availability of gas, making it perhaps an attractive proposition from a political perspective as end-use heating costs for consumers might be lower; besides, along the transition by 2050, gas prices may affect not only heating costs for end users but also the overall evolution of the heating sector [69].…”
Section: Discussionmentioning
confidence: 99%
“…Given these potentially higher system costs, also driven by short-term fossil-fuel infrastructure needs [21], there is evident conflict with the long-term goals of decarbonisation and energy security, risking creating sizeable, stranded assets in the fossil-fuel sector-e.g., in LNG infrastructure, as much as half of which may be obsolete by the end of this decade [25]. Nonetheless, it would also entail the lowest gas price uptick in the near term among all 'corner' options, due to the relatively increased availability of gas, making it perhaps an attractive proposition from a political perspective as end-use heating costs for consumers might be lower; besides, along the transition by 2050, gas prices may affect not only heating costs for end users but also the overall evolution of the heating sector [69].…”
Section: Discussionmentioning
confidence: 99%
“…The global energy crisis, as a consequence of the shortage of fossil fuel reserves and the increase in fuel costs, is one of the most prevailing issues affecting various sectors of the world's economies. [1][2][3] In addition, global campaigns against CO 2 emission are putting pressure on different countries to limit their use of fossil fuels to combat climate change. 4,5 Consequently, the issue of energy security should be at the forefront of each country's policy for a secure and selfsufficient future.…”
Section: Introductionmentioning
confidence: 99%