Rishi Sunak’s decision to dilute net zero policies has become even more shortsightedEarlier this year, the world economy had a lucky escape. After a mild winter in Europe, energy prices were in retreat as the continent shifted away from Russian gas supplies. Inflation was cooling, while economic growth remained resilient.“Hello lower gas prices, bye-bye recession,” analysts at the US investment bank JP Morgan wrote in January. Less than a year later, the Israel-Hamas war serves as a stark warning that the global energy crisis has far from vanished. Continue reading...