Crisis in Ukraine


The situation in Ukraine has brought to light just how precarious our energy security is when it’s tied directly to oil and gas. It’s understandable that some leaders, seeking to take immediate action, are signalling at least short-term support to the fossil fuel industry. But this isn’t a viable approach in the long run.
Building new oil and gas infrastructure, in the form of liquefied natural gas terminals or pipelines, would take years to complete, deepen our global dependence on fossil fuels, further empower Russia and other exporting countries, and all but crush our chances of meeting climate commitments in the Paris Agreement. Another immediate priority for many countries is supporting vulnerable populations as fuel prices soar. That’s the right move—if those payments go directly into needy people’s pockets and not into a new fossil fuel subsidy that further delays the transition. These challenges have reinforced long-held fears that our multilateral system may not be fit for the problems we’re facing now. The initial objective of multilateralism, established in the wake of two world wars, was to ensure countries settle their differences through cooperation rather than on the battlefield. Today, the capacity of such institutions to achieve this goal is being tested like never before. To show that multilateralism is a value worth protecting, leaders must also, finally, translate old pledges for policy reform into tangible results that usher in a fairer, more sustainable world.
The whole world is waiting for the good news, but we must remember that the negotiations won’t be easy because there is someone who wants to continue this war. On 28th March, the Wall Street Journal reported that a Ukrainian peace negotiator and Roman Abramovich – a Russian billionaire – showed symptoms of poisoning. Their eyes had turned red, and their skin started peeling off. Fortunately, they are out of danger, but the real question is, who tried to poison them? Who doesn’t want both parties to end the war? Were they really given poison or is it just another conspiracy theory?

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