The War in Ukraine Is Speeding Europe’s Pivot to Renewables
Author: Lars Paulsson
Europe aims to lead the global fight against climate change by rapidly shifting away from fossil fuels. Yet in the wake of the pandemic, the continent was rocked by disruptions in its energy supply that caused prices to surge - even before the turmoil triggered by Russia’s invasion of Ukraine. Now the forces have combined to put Europe’s so-called energy transition onto something of a wartime footing, testing the limits of an accelerated timeline to adopt new technologies and leaving consumers footing higher bills. A data vizualization on how Russia’s war in Ukraine is choking the world’s supply of natural resources. Bloomberg Opinion’s Javier Blas on Europe’s need to cut energy demand and stop buying Russian oil. David Fickling breaks down Russia’s gas exports to Europe. Related QuickTakes on the EU’s Green Deal, how Europe became dependent on Putin for gas, Nord Stream 2 and the EU’s plans for a carbon border levy. Europe’s wartime mission to ditch Russian oil and gas.