Russia’s invasion of Ukraine has sent oil and natural gas markets for a loop.
But less attention has been paid to the implications of the war for global energy and food security, particularly for the world’s poorest and least developed countries (LDCs).
For a deep dive into whether Western nations can still fulfill the climate finance promises made to LDCs in the midst of an unfolding global conflict and energy crisis in Europe, host Bill Loveless turned to Dr. Harry Verhoeven.
He’s a Senior Research Scholar at the Center on Global Energy Policy who has collaborated extensively with key policy actors including the World Bank, the European Union, the United Nations and governments around the world. He is also the founder and Convenor of the Oxford University China-Africa Network.
In this conversation, Dr. Verhoeven outlines how the Russia-Ukraine conflict is destabilizing prices for certain food commodities like wheat and what the Russia-Ukraine war means for energy transitions of countries like Angola, Sudan and Mozambique.
Recently, Dr. Verhoeven authored a paper on the topic for CGEP called “International Energy Markets and Food Insecurity in the Least Developed Countries: The Russia-Ukraine Crisis and Beyond.” Soon, the Organization for Economic Cooperation and Development will release another report by Harry on the same topic.