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Russia's Invasion of Ukraine: Consequences for Global Decarbonization
[journal article]
Abstract Russia is the world's largest energy exporter by a wide margin. The Russian invasion of Ukraine and the Western sanctions against Russia will therefore affect many parts of the global energy system. Worldwide investments in renewable energy will be incentivized by the higher fossil fuel prices. Petr... view more
Russia is the world's largest energy exporter by a wide margin. The Russian invasion of Ukraine and the Western sanctions against Russia will therefore affect many parts of the global energy system. Worldwide investments in renewable energy will be incentivized by the higher fossil fuel prices. Petrostates will likely benefit from higher oil and gas prices for a few years, only to eventually experience a steeper decline than previously foreseen. Germany and other European countries may find that they are no longer suitable locations for energy-intensive industries. China might find itself in an advantageous position, importing fossil fuels cheaply from Russia even as international demand for clean energy equipment made in China skyrockets. The outlook for blue hydrogen has worsened, while that for green hydrogen has improved.... view less
Classification
Special areas of Departmental Policy
Economic Sectors
Document language
English
Publication Year
2022
Page/Pages
p. 2-5
Journal
Russian Analytical Digest (2022) 284
Issue topic
Energy and War
DOI
https://doi.org/10.3929/ethz-b-000550755
ISSN
1863-0421
Status
Published Version; reviewed
Licence
Creative Commons - Attribution-Noncommercial-No Derivative Works 4.0