A protracted war in the Middle East could lift demand for carbon credits in the compliance market, if ongoing disruptions to LNG supplies compel industries to turn to cheaper, higher-emission fuels.
Utilities and other major users may consider switching to coal if LNG remains backed up due to airstrikes and the effective blockage at the Strait of Hormuz, a key transit point, according to Camille Wee, a BloombergNEF analyst. She noted this also happened when the Russia-Ukraine war broke out in 2022 and upended energy markets.
Already, some parts of the…
Source link
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.