The war in Ukraine is a game changer not only disrupting financial markets and human migration patterns but also the global energy landscape. As European countries announce their plans to phase out and divert energy imports from Russia, the question of how to make up the difference looms large. One solution is to increase energy independence through a greater shift to more renewables.
In East Asia, Japan also finds itself in a heightened energy dilemma. A resource poor island nation with one of the lowest energy self-sufficiency rates in the OECD of 11.2 per cent in 2020, Japan is particularly vulnerable to shocks in global energy markets. With EU states’ energy policies in flux after Russian President Vladimir Putin’s invasion, it is uncertain if Japanese policymakers and voters are committed to shifting away from nuclear power and redoubling efforts to reduce fossil fuel usage.
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