4.7 • 219 Ratings
🗓️ 23 February 2023
⏱️ 32 minutes
🧾️ Download transcript
When Russia attacked Ukraine last year, it expected to win in a three-day blitz. Instead, it’s become a protracted war with impacts felt far and wide — disrupting food systems, supply chains, geopolitics and the global economy. Europe’s most remarkable response to the war isn’t to do with sending in tanks or billions of dollars in aid to Ukraine. Instead, it’s been the surprising speed with which it has ditched Russian fossil fuels and strangled the source of funding for Russia’s war machine. In this episode, Zero’s producer Oscar Boyd asks Bloomberg News reporters Will Mathis and Akshat Rathi how Europe managed this feat, and what that means for the continent’s climate goals.
Read Akshat and Will’s full article, complete with charts and graphs that show the speed of the transition. This is what a LNG tanker looks like.
Read a transcript of this episode, here.
Zero is a production of Bloomberg Green. Our producer is Oscar Boyd and our senior producer is Christine Driscoll. Special thanks to Todd Gillespie, John Ainger and Kira Bindrim. Thoughts or suggestions? Email us at [email protected]. For more coverage of climate change and solutions, visit https://www.bloomberg.com/green.
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0:00.0 | Welcome to Zero. I'm Akshadrati. This week, a year of war ditching Russia and Europe's new energy landscape. |
0:07.0 | This time last year, Russia launched a full-scale invasion of Ukraine. |
0:23.6 | What Russia hoped would be a quick three-day blitz has turned out to be a protracted |
0:28.6 | land war that rocked a world still recovering from the COVID-19 pandemic. |
0:33.6 | Its impact has spread far and wide, disrupting food systems, supply chains, geopolitics, and the global economy. |
0:42.2 | Over the past year, I've been working with Bloomberg Energy reporter Will Mathis to look at one of those disruptions, |
0:48.2 | how the war in Ukraine has transformed Europe's energy landscape. |
0:53.0 | The shift has been remarkable, unprecedented in scale, and has immediate and long-term |
0:58.5 | implication for the EU's climate goals. |
1:02.1 | On today's episode, we turn the tables and Zeros producer Oscar Boyd asks Will and I the |
1:07.6 | questions instead. |
1:09.6 | Will the attempts to ditch Russian fossil fuels speed up the energy transition? |
1:13.6 | Or will the high price paid for energy security make it harder for the EU to live up to its big goals? |
1:25.6 | In the last 12 months, there's been an extraordinary change in where and how Europe sources its energy, |
1:32.3 | something that the two of you, Will, Aksha, have been writing about since the start of Russia's invasion of Ukraine. |
1:38.3 | And in your article that went out a couple of days ago, you summed up what that year of war has done to Europe's energy supplies. What did |
1:45.8 | you find? Over the past year, the headlines have been dominated by Europe's many attempts to |
1:52.3 | try and help Ukraine deal with this war. There's been aid given, lots of military supply, lots of |
1:59.2 | meetings about how to deal with a Russian threat that |
2:02.2 | may come to other countries. What's not been talked about, at least not in that lens, |
2:07.3 | is how quickly Europe has moved away from Russian fossil fuels, strangling one of the biggest |
2:13.5 | sources of funding for Putin's war machine. Put that into numbers for me. |
... |
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