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.
Read the full article here.