From Deep Crisis, Profound Change

The report argues that Russia's war on Ukraine has created a supply-side shock that aligns energy security, climate goals, and economics, potentially leading to a prompt and sustained decline in global fossil fuel demand. It suggests that high fossil fuel prices make renewables more competitive and encourages both Europe and the Global South to accelerate the shift toward domestic renewable energy and efficiency to ensure energy security.

• Russia's role as a dominant fossil fuel exporter—supplying 15 percent of international energy trade in 2020—means its removal from markets creates a significant supply-side shock that increases the competitiveness of renewables over fossil fuels.
• The transition away from fossil fuels is no longer driven by a single factor but by the alignment of three imperatives: security, climate (including health), and economics, which together may lead to a rapid and sustained decline in demand.

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} }