ESG360 - How War in Ukraine can Accelerate Renewables Adoption
Description
In this episode of ESG360, we bring on Alex Wotton, Co-Head of Nomura Greentech, Industrials and Infrastructure in EMEA to discuss Europe’s plan to reduce its reliance on Russian fossil fuels and what that means for the energy transition.
The war in Ukraine may prove to be a watershed moment in the fight against climate change if it succeeds in catalysing countries to accelerate a move to greener power motivated by energy security. The war has underscored how geopolitics is inextricably linked to energy policy and climate outcomes. In March, the European Commission unveiled its ‘REPowerEU’ plan, a blueprint to reduce the bloc’s energy dependencies over concerns that Moscow could turn off gas supplies in retaliation to sanctions from the EU and US, and to avoid indirectly funding the invasion by buying Russian fossil fuels. Measures include quicker deployment of wind and solar, further developing a hydrogen market and streamlining authorisations to fast-track new power projects.
United States
