Impacts of the Russia-Ukraine conflict on the world energy supply

Abstract

The world is facing an urgent need to reduce anthropological environmental impacts. Renewable energies are an alternative that uses natural resources in a more conscious way, representing a big bet by many countries for pollutants reduction. The impacts of the Russian-Ukraine conflicts hit the energy sector mainly due to the rise in oil, natural gas and coal prices caused by the blockade of these resources from the Russian Federation. Such an event may have accelerated the shift in the energy matrix of some countries to the sustainable side. As noted, the world is very dependent on fossil fuels, so the global scenario was impacted. As analyzed in the article, all continents had to adjust themselves to the situation, and the most invested energy types so far are solar power due to the cheapness of photovoltaic panels, wind power due to its minimal impact on the environment and nuclear power, that many European countries have returned to invest.