NO ONE knows how long this horrific and inhuman war waged by Russia against Ukraine will last, and how it will end. But it is already reshaping the global order of energy. And in this age of climate change, it is bound to shape the future as we know it. Energy prices have already surged across the world, and governments that were discussing how to move away from fossil fuels are now urging oil and gas producers to increase supply. Energy poverty, a term well understood in emerging countries, where millions live without access to basic electricity, has now found place in the lexicon of rich nations. What will governments do to “cool” the energy markets, and what will this mean in a world a that has already run out of carbon space and time in terms of climate change?
RUSSIA, A MAJOR OIL AND GAS PRODUCER
Share of top 10 crude oil producers in 2019 (in %)
Share of top 10 natural gas producers in 2019 (in %)
The war has made the energy crisis more acute. Russia is a major producer of oil and gas and the US and its allies have put severe sanctions on the country. “Six of the top 10 shipping companies in the world, controlling over 60 per cent of global capacity, have suspended Russian bookings,” Kaushik Deb, senior research scholar at Columbia University's School of International and Public Affairs, told Down To Earth (DTE) in the second week of March, soon after the US banned import of Russian fuel. This is a disruption of the 5-6 million barrels that Russia exports by the sea every day; about half of this is crude oil, Deb said. The International Energy Agency (IEA) estimates that 3 million barrels of Russian crude oil and oil products may not find their way to markets per day, beginning April.
Esta historia es de la edición April 01, 2022 de Down To Earth.
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Esta historia es de la edición April 01, 2022 de Down To Earth.
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In leading role again
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One Nation One Subscription comes at a huge cost
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Return of Rambhog
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Natural springs of Kashmir drying up due to illegal riverbed mining
Human-to-human spread a mutation away
CANADA IN mid-November confirmed its first human case of avian influenza, with a teenager in the British Columbia being hospitalised after contracting the H5N1 virus that causes the disease. The patient developed a severe form of the disease, also called bird flu, and had respiratory issues. There was no known cause of transmission.
True rehabilitation
Residents of Madhya Pradesh's Kakdi village take relocation as an opportunity to undertake afforestation, develop sustainable practices
INESCAPABLE THREAT
Chemical pollution is the most underrated and underreported risk of the 21st century that threatens all species and regions
THAT NIGHT, 40 YEARS AGO
Bhopal gas disaster is a tragedy that people continue to face
A JOKE, INDEED
A CONFERENCE OF IRRESPONSIBLE PARTIES THAT CREATED AN OPTICAL ILLUSION TO THE REALITY OF A NEW CLIMATE
THINGS FALL APART
THE WORLD HAS MADE PROGRESS IN MITIGATING EMISSIONS AND ADAPTING TO CLIMATE IMPACTS. BUT THE PROGRESS REMAINS GROSSLY INADEQUATE
