Letter from Europe: The trouble with the trilemma
Pursuing three different goals as part of the same package may mean achieving none of them
The transition away from fossil fuels is often framed as part of an ‘energy trilemma’, with lowering carbon emissions packaged with ensuring affordability and maintaining security of supply. Wrapping several goals together is generally a bad idea. It tends to be a result of negotiations among many diverse parties, each one with somewhat different objectives. The outcome is a compromise with a number of goals, each one of them usually challenging in its own right. The UN-endorsed sustainable development goals (SDGs) are a good example of this. There are 17 of them, and while there is nothing wrong with making efforts to achieve them all, what is problematic is believing they can all be achiev

Also in this section
21 February 2025
While large-scale planned LNG schemes in sub-Saharan Africa have faced fresh problems, FLNG projects are stepping into that space
20 February 2025
Greater social mobility means increased global demand for refined fuels and petrochemical products, with Asia leading the way in the expansion of refining capacity
19 February 2025
The EU would do well to ease its gas storage requirements to avoid heavy purchase costs this summer, with the targets having created market distortion while giving sellers a significant advantage over buyers
18 February 2025
Deliveries to China decline by around 1m b/d from move to curb crude exports to Shandong port, putting Iran under further economic pressure