Energy crisis seen posing ‘existential threat’ to climate goals

Europe’s energy crisis has upended the green transition and undermined efforts keep global warming below 1.5 degrees Celsius, business leaders and environmentalists said, with one warning of an “existential threat” to climate goals.
With parts of Europe facing a possible fuel shortage this winter, panelists at the Reuters IMPACT sustainability conference in London addressed the challenge of keeping the power on – sometimes by producing and using more coal – without giving up on the region’s climate goals.
“We’re in a transformational moment,” said Steve Malkin, CEO of environmental consultancy Planet Mark, noting the war in Ukraine and resulting energy crisis posed an “existential threat” to countries’ sustainability goals.

Alex Shishlo for Rough&Polished