Will Europe’s energy crisis slow down switch to renewables or accelerate it?

Are we transitioning away from oil and gas – or just away from Russian oil and gas? That’s perhaps the biggest question coursing through global energy markets at the moment.

You could argue that Russia’s war in Ukraine has reversed or even halted the switch to renewables, deepening our reliance on hydrocarbons and undermining climate targets. Despite their pledges to reduce emissions, governments are now talking about ramping up fossil fuel infrastructure.

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