The war in Ukraine underscored the importance of energy security, says economist Nick Stern.
The war in Ukraine will help the countries of the world in the fight against global warming. This is stated in a report delivered at the World Economic Forum in Davos, Switzerland, The Guardian reported on Thursday, May 26.
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Its author, economist Nick Stern, argues that the war in Ukraine emphasized the importance of energy security, at least the abandonment of fossil fuels and the transition to alternative sources of energy. energy, which will help prevent a climate catastrophe on the planet.
Stern believes that increasing investment to accelerate the transition to a cleaner and greener economy will not increase inflationary pressure because most of it is net investment in the new economy.
Earlier, UN Secretary General António Guterres said the war in Ukraine was a wake-up call for the world to turn away from fossil fuels. Fossil fuels are a dead end, ecologically and economically, he says.
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Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.