But the problem Europe is hitting right now is not unexpectedly high prices, but actually running out. Blackouts, fuel pumps running dry, empty inventories, maybe a lack of natural gas. Such shortages can happen in one or another place because someone gambled and lost, but when they happen systemically, it's because of price controls; I wonder why those aren't mentioned in the article? The international LNG market isn't subject to price controls, but retail utility markets are typically heavily regulated, to the point of routinely forcing electricity distributors into unprofitability from time to time, usually temporarily.
Climate change is likely to cause a lot of hydroelectric disruption over the next century as rainfall patterns move the rainfall from where hydroelectric dams have been built to where they haven't.
Only if you ignore its externalities and let someone else pay for them. Coal is wickedly expensive if you consider its costs beyond mining/transportation/storage/combustion.
As for EVs: they require a tiny fraction of the maintenance of ICE cars and so they will eventually be far cheaper. Used EVs are already an incredible deal in many areas. Where I live you can get a used Leaf with 60-80 miles range (enough for daily commute) that requires basically zero maintenance for <$8000. Charge it at home or at work and the fuel cost is tiny too.
"The average US citizen still consumes more than ten times the energy of the average Indian, 4-5 times that of a Brazilian, and three times more than China"
https://ourworldindata.org/energy-access#per-capita-energy-c...
Climate change.
Almost all the wealthy footprint is discretionary: air travel, luxury purchase, package holidays... https://www.nature.com/articles/s41560-020-0579-8
Your "statistical anomaly" is not anecdotal, it's the very symbol of a broken system that was designed not to care.
In this situation, I cannot expect the non-wealthy to make big efforts to reduce their consumption while the ultra rich continues to casually destroy the environment. We're letting the rich take almost all the profit but we ask the poor to work harder only because they're more numerous. This can only end with violence or a catastrophe, IMHO.
How about we start by putting a $1000/flight tax? Seems only fair that the rich, mobile class start reducing their emissions. After all, it's actually the upper classes that consume (by far) energy in gross terms.
It'd be hard to tax private jets, so much like the EU has just done with fuel duty, they end up exempting the super-rich and hammering the working class with more taxes.