The war in Ukraine has acted as a brutal wake-up call for governments to act and reduce their dependence on Russian fossil fuels. Many have pledged to hasten project timelines for renewables, but there are mixed reports about impacts on investor confidence and projects under development in Ukraine’s neighboring countries. Marija Maisch reports.
Indra Overland, the head of the Center for Energy Research at the Norwegian Institute for International Affairs, tells pv magazine how the Ukraine war is irreversibly changing the global energy landscape, making massive renewables deployment a certainty. But labor issues, equipment shortages, and reliance on Chinese manufacturing remain obstacles.
Given the goings-on in the world this last quarter, Mike Jefferies, Investment Manager at Octopus Investments Australia, takes a look at the current macroeconomic environment, how this is tied to energy markets, the impacts Russia’s invasion of Ukraine has had on that energy market, what this could mean for Australia and how renewables could help address these issues.
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