Right now, we have record-high gas prices. They are fuelling the energy crunch for winter, especially in the north. This is leading to power shortages in various parts of the world, and it is certainly presenting new challenges as well. Anne Sophie Corbeau, who is an energy researcher at the Columbia university, has stated that the crisis could go on to affect the renewable sector and it could also impact the sector as a whole in a number of ways as well. On one hand, you have developing companies. They are eyeing a switch from fuel such as coal, to natural gas. They are doing this as a way to support the renewable energy sector. That being said, the higher gas prices are going to impact this far more than many realise. The renewable energy movement was said to create more renewable jobs, but if this situation is not addressed, then the sector may stall.

The energy crunch could be a way of energy companies saying that natural gas is just losing its role as a main, transition fuel. Now may be the time to scale renewables and even battery storage because they are so reliable and resilient. Ensuring that energy, as well as natural gas, is affordable and available is probably going to be a concern for policymakers at the COP26. Corbeau wrote a commentary on the energy crisis, saying that as the nations move to try and decarbonise their systems, they are now trying to make sure that they avoid a significant mismatch. They don't want to get missed up between supply and demand, and they want to have a regulatory toolbox that will help them to reduce the total exposure to various pricing spikes. This will ensure that there is no shortage.