From Deep Crisis, Profound Change

The report asserts that the Russian invasion of Ukraine has triggered a supply-side shock that aligns energy security, economic, and climate goals, accelerating a rapid and sustained global decline in fossil fuel demand in favor of renewables and energy efficiency.

• Russia's position as the world's largest exporter of oil, gas, and total fossil fuels meant that in 2020 it supplied 15 percent of international energy trade, nearly double the fossil fuel exports of Saudi Arabia.
• The supply-side shock caused by Russia being cut out of markets is accelerating the transition to renewables because high fossil fuel prices make them less competitive, while energy security concerns now align with climate and public-health goals.
• Fossil fuel demand is expected to move from a slow decline to a prompt, rapid, and sustained decline, driven by the alignment of security, economics, and climate/health imperatives, facilitated by the pairing of energy efficiency with renewables.

APA

RMI (2022). From Deep Crisis, Profound Change. https://rmi.org/resources/from-deep-crisis-profound-change/

Chicago

RMI. From Deep Crisis, Profound Change. 2022. https://rmi.org/resources/from-deep-crisis-profound-change/.

Wikipedia

{{cite report |author=RMI |title=From Deep Crisis, Profound Change |date=7 April 2022 |url=https://rmi.org/resources/from-deep-crisis-profound-change/ |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{rmi2022from, author = {{RMI}}, title = {{From Deep Crisis, Profound Change}}, institution = {RMI}, year = {2022}, month = apr, url = {https://rmi.org/resources/from-deep-crisis-profound-change/}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }