Jenny Strasburg and Phred Dvorak of The Wall Street Journal report on how the war in Ukraine has forced the world to rethink energy strategy going forward.
- Many EU countries are reducing reliance on Russia by adopting more aggressive green energy targets, turning to nuclear power, and importing American LNG.
- The war has shown that to reach climate goals while providing consumers with affordable and reliable energy, fossil fuels must play a role in the global power mix.
- Ukraine has also highlighted the fact that a successful energy transition must be market-driven and led by the private sector.
“For the near term, many countries are leaning even more on fossil fuels. They are in a race to lock up enough supply from non-Russian sources, including more coal, to ensure that they can heat homes, power factories and transport goods over the next few years.”
Read the full article here.
The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.
