Will the Ukraine invasion result in a bigger renewable push worldwide?
As the Russia-Ukraine drama unfolds, here’s an excellent analysis on CarbonBrief on what this conflict means for renewables and climate change – https://lnkd.in/gCVU9pDK
I’d recommend this report to those interested in getting a bigger and more detailed picture on the geopolitics of energy (especially EU energy).
To me, the simple take away was this: The invasion could result in many European countries dramatically increase their investments in renewables. What a relatively longer term threat (climate change) could not do, the short term pain of gas and oil insecurity in all likelihood will. BTW, many regions in the EU (and Britain) have already been moving faster on renewables than most of rest of world, so this could supercharge this acceleration.
Sure, renewables will be one of the many avenues that these countries will invest in (LNG, diversifying their sources of fossil fuels etc. could be others), but given that renewables are most likely the future, one might as well invest big time in something enduring, wouldn’t you think?
See my LinkedIn post on this topic
