There was hope that the transition from fossil fuels to renewable energies would only gradually drive up energy prices. According to the strategists at Natixis, both fossil fuel prices and renewable energy prices might remain high.
“It is now becoming clear that both fossil fuel and renewable energy prices probably will be high, because: Investment in fossil fuels has fallen markedly, and there will be a shortfall in fossil fuel supply; Investment in renewable energies is insufficient.”
“Unfortunately, the prices of both types of energy are likely to remain high for a long time.”