The Russia-Ukraine war has had a significant impact on the global energy space. Given that Russia is a major player in the energy industry, sanctions meant to harm its war effort in Ukraine have had untold consequences on energy and food prices. Chief of those consequences resulted from Russia’s decision to reduce oil and natural gas exports to Europe in retaliation for Western sanctions. This forced several countries to turn back to coal for energy production, a move that irked clean-energy advocates who argued that these nations were turning back on their green-energy pledges.
Although European countries that were short on energy turned to…
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