The world needs hydrogen to reach net zero. The world needs hydrogen to reach net zero. The development of green hydrogen (using renewable energy) and blue hydrogen (using fossil fuels and carbon capture and storage) is essential in hard-to-abate sectors that cannot simply be electrified.
Russia’s invasion of Ukraine has brought energy security sharply back into global focus. Soaring prices of natural gas and electricity have elevated inflation risk as was the case nearly 50 years back.
The crisis in Ukraine has rung alarm bells around the world about the need for greater energy security.
Countries in Central and Eastern Europe and South-Eastern Europe probably understand better than most the impact of the war in Ukraine.
The crisis in Ukraine has added a new complication to Central and Eastern Europe’s existing energy trilemma, one that is shared by many other countries.
Energy security has taken a more prominent role in country’s long-term plans as the world observes European economic disruption and energy hardship as Russia cuts off gas supply.