Is Energy Security the New ’Net Zero’?

Pryce, Vicky (2022) Is Energy Security the New ’Net Zero’? Birmingham City University, Centre for Brexit Studies Blog.

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Abstract

As the economies in the West are facing the very real prospect of stagflation, we have seen a shift in thinking. As oil and gas prices are going through the roof following the Russian invasion of the Ukraine, energy security rather than net-zero has for the moment moved up on the agenda. Larry Summers the former US Treasury secretary in an interview for the BBC this week argued on the that any recessionary impact from those higher prices would be less hard than what we experienced due to Covid. He also thought that any worsening in this prognosis that might follow a decision at any point to cut Russia’s ability to export oil and gas to the West would be worth it in the longer term as ’ freedom has its price’ and restoring world order was paramount.

Item Type:	Other
Dates:	Date Event 8 March 2022 Published Online
Uncontrolled Keywords:	Centre for Brexit Studies, CBS, Brexit, BCU, EU, European Union, UK, Birmingham City University, UK Government, UK politics
Subjects:	CAH15 - social sciences > CAH15-03 - politics > CAH15-03-01 - politics
Divisions:	Research, Innovation, Enterprise > Centre for Brexit Studies
Depositing User:	Alex De Ruyter
Date Deposited:	09 Mar 2022 14:29
Last Modified:	09 Mar 2022 14:29
URI:	https://www.open-access.bcu.ac.uk/id/eprint/12937

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