Analysis of the Influence of the Russia-Ukraine Conflict on the Global Energy Development Trend

Abstract

The conflict between Russia and Ukraine that broke out in February 2022 directly gave birth to the energy crisis in Europe, but its impact is not limited to the European region, but also limited to the short term. It is a major change in the world in a century, and will profoundly and long-term change the global energy system and pattern. The outbreak of the conflict between Russia and Ukraine will reshape the global energy system, energy security will be promoted to an unprecedented order by all countries, accelerating the development of renewable energy is considered as an important measure to strengthen national energy security, and the global energy clean transformation will show a further accelerated development trend. Energy enterprises will face new opportunities and challenges. This paper analyzes the global energy development trend under the conflict between Russia and Ukraine, and puts forward the challenges that energy enterprises may face.