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Bloomberg Markets and Finance published this video item, entitled “Bloomberg Green: How the Ukraine War is impacting Climate Change” – below is their description.
Russia’s invasion of Ukraine has caused the world to rethink its relationship with energy. Oil embargoes and cancelled pipelines have sent prices surging from Europe to Asia and South America. But while the short term impacts are clear, will it actually speed up the transition to renewables in the long term?
In this edition of Bloomberg Green, we go from Europe to America to the Middle East to discuss how the invasion of Ukraine is impacting politics and global energy markets. We speak with Ukrainian-American billionaire Michael Polsky about his route to running a renewables giant, how it is faring in the midst of war, and what he is doing for his fellow Ukrainians. Plus, Radiant Energy Group’s Mark Nelson tells us why nuclear power is both a safer and surer source of energy when it comes to a conflict zone.
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About This Source - Bloomberg Markets and Finance
Bloomberg Markets and Finance features news about financial markets from around the world. Bloomberg L.P. is a privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City. It was founded by Michael Bloomberg in 1981, with the help of Thomas Secunda, Duncan MacMillan, Charles Zegar, and a 12% ownership investment by Merrill Lynch.
Climate is the long-term average of weather, typically averaged over a period of 30 years. More rigorously, it is the mean and variability of meteorological variables over a time spanning from months to millions of years.
Climate Change is the name commonly given to the notion that the Earth is undergoing a changing climate as a result of human activity, including notable leaders, scientists and naturalists including Sir David Attenborough.
Climate change includes both the global warming driven by human emissions of greenhouse gases, and the resulting large-scale shifts in weather patterns.
Nuclear power is the use of nuclear reactions that release nuclear energy to generate heat, which most frequently is then used in steam turbines to produce electricity in a nuclear power plant. Nuclear power can be obtained from nuclear fission, nuclear decay and nuclear fusion reactions.
Russia, or the Russian Federation, is a transcontinental country located in Eastern Europe and Northern Asia. It extends from the Baltic Sea in the west to the Pacific Ocean in the east, and from the Arctic Ocean in the north to the Black Sea and the Caspian Sea in the south.
Russia spans more than one-eighth of the Earth’s inhabited land area, stretching eleven time zones, and bordering 16 sovereign nations. Moscow is the country’s capital.
The Soviet Union was dissolved in 1991 and since 1993 Russia been governed as a federal semi-presidential republic. Russia is a major great power, with the world’s second-most powerful military, and the fourth-highest military expenditure. As a recognised nuclear-weapon state, the country possesses the world’s largest stockpile of nuclear weapons.
Ukraine is a large country in Eastern Europe known for its Orthodox churches, Black Sea coastline and forested mountains. Its capital, Kiev, features the gold-domed St. Sophia’s Cathedral, with 11th-century mosaics and frescoes. Overlooking the Dnieper River is the Kiev Pechersk Lavra monastery complex, a Christian pilgrimage site housing Scythian tomb relics and catacombs containing mummified Orthodox monks.
