Thursday, October 27, 2022

Russian Fossil Fuels

 Russia is the largest exporter of fossil fuels; with the war more and more countries are starting to shun Russia as an exporter. This isn't good for Russian economy and their economy has fallen to the lowest that it has been recently. The demand for the fossil fuels is predicted to peak in 2025, as the demand keeps going up and up so does the investment and commitment to green energy which is said to rise by 50% by the year 2030. The world has been turning more and more to green energy, the worry is that this crisis and possible shortage makes people worry it could undo what has already been done. Sanctions on Russia's gas and oil is rising which is making threating nations such as Germany and France with a shortage this winter. 

Demand for fossil fuels will peak this decade as Russia's war on Ukraine reshapes world energy order, IEA says (msn.com)

Tori Robinson

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