Fearonomics: will the global energy crisis end the shift to green?

Fearonomics: will global energy crisis end the shift to green?

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In its second episode the EBRD’s new Fearonomics podcast is exploring what are the risks and solutions to the global energy crisis.

Listen to Jonathan Charles, EBRD’s Managing Director, Communications, Sergei Guriev, EBRD former Chief Economist and professor of economics at Science Po and Beata Javorcik, EBRD’s Chief Economist (current) and also professor of Economics at Oxford University discussing  

As Europe scrambles to find alternatives to Russian gas, some countries face the prospect of rationing and even fuel poverty.

Energy security, which had slipped down the priority lists of western policymakers, has made a big come back. 

Even before the outbreak of the war on Ukraine, the hike in energy prices had brought coal use globally to record levels over last winter, whilst clean energy use decreased- a worrying tendency.

Meanwhile, the latest UN International Panel for Climate Change report warning  that even if all the policies to cut carbon that governments had put in place by the end of 2020 were fully implemented, the world will still warm by 3.2C this century.

The next few years are critical, say the researchers, because if emissions aren't curbed by 2030, it will make it become impossible to limit warming up of climate.

Is there any way to avoid the climate catastrophy?

Listen to the first episode of the Fearonomics on iTunes, SoundCloud or wherever you get your podcasts from.

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