The report, presented at the World Economic Forum, says that the war in Ukraine will help the countries of the world in the fight against global warming.
As reported on Thursday The Guardian, at a forum in Davos, Switzerland, they noted one of the consequences of the war that broke out in Ukraine – an understanding of the importance of energy security. Economist Nicholas Stern, the author of the report, spoke about this. He argues that energy security is moving away from fossil fuels and switching to alternative energy sources. This approach will help to avoid a climate catastrophe on the planet.
Stern argues that increased investment to accelerate the transition to a cleaner and greener economy will not increase inflationary pressures, as much of it will be net investment in the new economy.
This idea is not new, UN Secretary General António Guterres also said earlier that the war in Ukraine was a wake-up call for the world to abandon fossil fuels. In his opinion, fossil fuels are an environmental and economic dead end.
Earlier, UN Secretary General António Guterres said, quotes CNN:
“The consequences of Russia’s war in Ukraine could turn the world’s food and energy markets upside down, with serious implications for the global climate agenda. Long-term dependence on Russian fossil fuels could emerge to replace Russian fossil fuels in the short term. Countries could get so caught up in filling fossil fuel shortages that that they will neglect the policy of reducing its use.”