From the Covid-19 pandemic and supply chain shocks to rising inflation and Russia’s invasion of Ukraine, governments and businesses around the world are attempting to tackle and solve major crises — many of them interlinked — on multiple fronts.
Against this challenging backdrop, energy markets have been roiled, with gas and oil prices surging and fears over security of supply — Russia is a major exporter of hydrocarbons — heightened following the war in Ukraine.
All the above is taking place at a time when major economies and big firms are formulating plans to move away from fossil fuels to low and zero-emission alternatives.
Events in Europe over the past few months have thrown…
Source cnbc.com