The Global Energy Crisis Could Benefit From Russia’s Invasion Of Ukraine

The Ukraine war could be a key factor for cleaner energy.

The global energy crisis is benefiting positively by Russia’s invasion of Ukraine.

Researchers are discovering profound and long-lasting changes that have the potential to rapidly transition to a more sustainable and reliable energy system. Many economic factors have caused energy cost to spiral and the Ukraine war could be a key factor for cleaner energy.

The International Energy Agency presented a report that displays scenarios based on current policies. It revealed the global demand is set to peak for fossil fuels such as coal, oil, and natural gas. It states that coal use will decline, natural gas demands will be limited, and the increase of electric vehicle sales mean the need for oil will level off by mid-2030’s.

Energy policy analysts say that while there are promising steps in the right direction, the move toward clean energy needs to be much faster.