Panel 1: Balancing Energy Transitions While Ensuring Energy Access
While energy disruptions are certainly not a new phenomenon, the present global energy crisis is unique given its emergence from both a global pandemic and the most formidable threat to European peace and security since the close of the Cold War: the Russian invasion of Ukraine. The invasion, which has been underway since February 24 of this year, has further disrupted global supply chains and trade relations that were just barely recovering from the shock of COVID-19. Moreover, sanctions against Russia have increased geopolitical tensions, highlighted a lack of global energy security, and cut off many countries from their primary source of oil and gas.
The startling global energy panorama left by the war in Ukraine and COVID-19 provides a unique opportunity for global leaders to consider how solving the energy crisis and the climate crisis do not have to be mutually exclusive. Failing to address the current global energy shock carries a great human and economic toll as these shortages stand to further increase energy poverty and reverse years of development progress.
Please join CSIS to discuss how the United States and Development community can prevent and mitigate future energy disruptions and use the present energy crisis as an opportunity to transition to more renewable energy sources.