Most countries can produce all the energy they need from solar and wind and make their own clean hydrogen for their chemical industry.
Energy
Despite heavy sanctions, Vladimir Putin retains his grip on power and the will to fight in Ukraine.
Wealthy nations will continue outbidding developing nations for energy resources without significant climate adaptation measures.
Since the conflict began almost exactly a year ago, energy prices have increased sharply but to varying degrees depending on the type of fuel.
South Sudan, the world’s newest country, is now adroitly managing regional political rivalries. But it’s unlikely to leverage its oil and water resources for its people.
In spite of windfall taxes in the UK, energy companies are making record profits due to tax exemptions to promote oil and gas extraction.
Russia is counting on developing Turkmenistan as a transit hub for delivering goods to South Asian markets.
Without smart policy interventions, the Russian oil price cap is likely to speed up global economic decoupling and could worsen living standards.
Dollar-strapped Pakistan says it’ll buy Russian oil using the currency of a “friendly country.” That may be good news for the petroyuan.
Russia has been a long-time energy partner for India, whose oil purchases have helped steady the Russian economy amid Western sanctions stemming from the Ukraine war.