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Article

Energy transition and game changers

Russian Journal of Economics. 2020. Vol. 6. No. 4. P. 339-346.

COVID-19 and the recession of 2020 will be remembered far longer than the crises of 2009 or 1974—about like 1929. The latter are history—2020, however, is a total game changer in many aspects of economic and social life, as well as in international relations. The energy transition has become the key theme in the world economy over recent years. But, all of a sudden, the mankind has had to confront the most dangerous pandemic to strike it in one hundred years. Against the background of climate-related droughts, floods and tornados, the pandemic has resulted in 50 million cases of infection and over a million fatalities in just six months.