recent spike in prices of energy resources globally

The demand of energy in world become double: Every year Every 5 years Every 10 years Every 14 years

With the expected increase of the relative share of renewable electricity generation in the electricity mix, we could reasonably expect:a.A consolidation of the current geography of market zonesb.A lower occurrence of null and negative pricesc.An increase in volumes traded on intraday marketsd.A lower occurrence of null and negative prices

(c) An increase in world commodity prices, through γ

The higher energy prices in 2022 created so-called ‘Ricardian rents’ for the owners of:Production factors with lower marginal cost of production.Consumer intermediaries for energy contracts, such as Overstappen.nl.Production factors that are more pollutive.Production factors that are later in the merit order.

Whether alternative energies such as the renewable energies biofuels, hydrogen, solar, and geothermal and non-renewable alternatives like nuclear energy can meet energy demands better than finite fossil fuels such as oil and coal remains hotly debated. Proponents of alternative energy say that a transition away from fossil fuels is in progress and simply needs to be expedited to meet current energy demands. They believe that alternative energy sources can effectively replace fossil fuels in key areas that keep industries and countries running, from power to public and private transport to thermal comfort. However, the International Energy Agency projects global energy demand will rise more than 25 percent by 2040, driven by population growth and rising incomes and skeptics argue that ______________9Mark for ReviewMCQABCWhich choice most logically completes the text?Aalternative energy sources will not be able to meet this increasing energy demand.Bsome energy sources may be able to meet the increased demand but most will not.Cenergy needs in key areas will not be met by renewable energy sources.Dalternative energy sources have already proven that they are not able to meet present energy demands.