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Russian Invasion Accelerates Global Clean Energy Transition

Russia’s invasion of Ukraine will accelerate the world’s transition to renewable energy because of oil and gas price shocks, the US climate envoy said Thursday.

US Deputy Special Envoy for Climate Rick Duke speaks at the Australian National University forum after meeting with Australian government officials on bilateral cooperation to move to net-zero greenhouse gas emissions by 2050. was

Duke described the Russian invasion, which began six months ago, as “one of the biggest geopolitical drivers at the moment” for the global shift to renewable energy.

“What people sometimes lose understanding of the repercussions on that front is that the energy transition accelerates when you look at how countries are actually responding,” Duke said.

“The European Union has tripled its efforts to respond to this crisis, including installing renewable energy and heat pumps and electrifying vehicles,” he added. “It will take time…but the pace is accelerating because of the conflict.”

Meanwhile, Australia is committed to reducing its over-reliance on solar panels made in Russia’s ally China by diversifying its trading partners as the Australian government expands its shift to renewable energy. I am planning.

Kushra Munroe, head of the government’s international climate department, said Australia is focusing on India in developing international cooperation on solar panels and green hydrogen production.

Australia has also prioritized green energy technology partnerships with Japan, South Korea and the United States to avoid supply chain constraints caused by the pandemic, Munro said.

The Australian government, elected in May, raised Australia’s 2030 emission reduction target to 42% from the previous government’s target of 26% to 28% below 2005 levels.

The United States is aiming for a 50% to 52% reduction over ten years.

Russian Invasion Accelerates Global Clean Energy Transition

Source link Russian Invasion Accelerates Global Clean Energy Transition

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