Some of the main points covered during the discussion:
- The current energy crisis has taught the European governments that climate security cannot be achieved without energy security.
- The campaign to boycott paying household energy bills in the UK is a reflection of the burden that the British consumer is facing.
- Eventually, high energy prices are the solution for high energy prices as they will push consumers to use energy more efficiently, as well as, accelerate the transition to cleaner sources of energy.
- The energy crisis in Europe is a gas crisis as Russian gas cannot be easily replaced by other sources and suppliers. European countries are rushing to fill their gas inventories in case Russian gas is fully cut-off to the region ahead of the winter season.
Watch the discussion:
“Russia’s oil is in long-term decline – and the war has only added to the problem“, Dr Carole Nakhle, Jul 2022
“Energy Sanctions and the Global Economy: Mandated vs Unilateral Sanctions“, Christof Rühl, May 2022
“Sanctions and the Economic Consequences of Higher Oil Prices“, Christof Rühl, Apr 2022
“Nord Stream 1: Why is Russia cutting gas supplies to Europe?“, Dr Carole Nakhle, Jul 2022
“Russia’s war help Qatar reassert its importance“, Dr Carole Nakhle, Jul 2022