Energy Security and Climate Change Program

The EU embargo on seaborne Russian crude and the EU-G7 price cap are institutionalizing the discounts for Russian crude and forcing Russia to ship oil over longer distances to a dwindling number of buyers.

Rebuilding Ukraine’s energy system provides an opportunity to modernize the sector and bolster energy security. Developing renewable energy will support these goals. Expanding renewables depends on attracting investment and clarifying domestic policies that impact the sector.

One week before a critical deadline, key details of the Russian oil price cap are still under negotiation. But the G7 is inching toward a price cap that will do little to cut Russia’s oil revenue.

To lead the West’s development of a secure clean energy supply chain, the United States should better align our critical minerals strategy with its closest ally, Canada.

Russia’s attacks on Ukraine’s power infrastructure have resulted in rolling blackouts and limited supply of energy as winter approaches. There are several steps that should be taken to address the immediate crisis and increase grid resilience over the reconstruction period.