The cover this week is about the energy transition from fossil fuels to renewables and nuclear energy. Our analysis reveals that, as Western firms stop producing oil because of greenery and costs, the market share of OPEC plus Russia will grow in the coming few decades, giving them more clout. And the transition to renewables will give rise to new electrostates supplying green metals such as copper and lithium, production of which will still be concentrated. Building a cleaner and safer energy system is essential, but it is also daunting and dangerous.
The job of the cover was to link this striking observation to the darkest petrostate of them all. Under Vladimir Putin, Russia is waging war on its innocent neighbour. Over the two decades of his rule, $4trn of oil and gas exports have paid for the tanks, guns and missiles now killing Ukrainians. |
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