Here’s an expert comment from Michael Bradshaw, Professor of Global Energy at Warwick Business School, on “How will Russia's war in Ukraine affect energy supplies and the planet?"
Ofgem have today announced a rise in the energy price cap, with millions of households potentially paying £693 more a year for their heating and electricity. Experts from Warwick Business School and the Department of Economics have commented on what has led to this situation, and what this says about the future of our energy supplies.
With a number of energy suppliers collapsing in recent weeks, and reports today of two more companies ceasing trading, Professor David Elmes from Warwick Business School and Professor Mike Waterson from the Department of Economics comment on some of the factors that have led to this situation.
A new paper in the journal Nature argues that most fossil fuels, such as oil, gas and coal, will need to remain in the ground if we are to meet the target of keeping global temperature rise to 1.5C. Professor Michael Bradshaw of Warwick Business School and Dr Caroline Kuzemko of Politics and International Studies give their expert view on the conclusions below.
The Office of National Statistics reports that the inflation rate in the UK has risen to 2.1%, passing the Bank of England target of 2%. Professor Abhinay Muthoo of the Department of Economics and Professor Nigel Driffield of Warwick Business School comment here on what factors could have caused this jump.