War In Ukraine Raises Questions About Pace And Scale Of Energy Transition
Published: DOB Written By: Carter Haydu May 30, 2022 The European Union has delivered — with policies of transitioning onto renewables — energy security entirely into the hands of Russia, says Ron Wallace , fellow with the Canadian Global Affairs Institute (CGAI). “And now, because of the Ukrainian crisis, the magnitude of what has happened here has really in the last few weeks exploded onto the policy agenda,” he told the Bulletin . “Suddenly, you don’t hear a lot of talk about climate in Europe right now. It’s all about security. They’re facing consumer revolts.” For example, Gazprom PJSC recently halted gas flows to Poland and Bulgaria, with plans to keep the supplies turned off until the two counties agree to pay for the fuel in rubles. The EU has rejected paying in rubles in principle, saying it violates sanctions and strengthens Russia’s hand. Jeremy Low , managing director, head of European oil and gas at Houlihan Lokey Inc. , told an Energy Council webinar that in re