AP Photo/Patrick Semansky (Biden and Putin); SeppH/Pixabay (coal) Gasoline prices have spiked in the aftermath of Russia’s invasion of Ukraine, but the effects of the conflict are also spilling into the U.S. electricity sector, with implications for greenhouse gas emissions and energy policy.
Although the crisis isn’t expected to derail electric utilities’ broad shift toward cleaner energy sources, it could temporarily extend coal’s upswing in the U.S. and slow investments in new energy projects as prices continue to rise, analysts said.
The long-term effects, meanwhile, could touch on everything from nuclear power to renewable energy, as industry leaders expect wind and solar to remain more insulated from price shocks and sanctions targeting Russia than fossil fuels.
“Even with Russian and Ukrainian factions meeting at the border to discuss a military ceasefire, the fragile situation in Ukraine and financial and energy sanctions against Russia will keep the energy crisis stoked and oil well […]
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