Russia and Energy Security Are Urgent Issues at Davos – The New York Times

by | May 21, 2022 | Energy

The war in Ukraine will undoubtedly dominate the upcoming World Economic Forum meeting in Davos, Switzerland, and Daniel Yergin, the energy historian, is among those whose insights are likely to be sought by that gathering’s global elite.An expert and respected commentator on the energy markets and geopolitics, as well as an entrepreneur and business executive, Mr. Yergin is now vice chairman of S&P Global, a New York-based financial services firm.He is also the author of several books, including, in 2020, “The New Map: Energy, Climate, and the Clash of Nations.” In 1992, he won a Pulitzer Prize for “The Prize: The Epic Quest for Oil, Money, and Power,” his history of the oil industry.Mr. Yergin, who is 75, has been attending World Economic Forum meetings since the early 1990s and has helped shape the Davos approach to energy. He was recently interviewed by phone in Washington, D.C.; these are edited excerpts from the conversation.Why go to Davos?It is a very efficient way to connect with what is happening around the world and to get a lot of different perspectives in a very concentrated form. I always find it helps you see the new trends that are emerging.What will be on the agenda this year?There will be a sense of high urgency at Davos this year, beginning with the Ukraine war and the risks of escalation. There’s a real need to develop a deeper understanding of how sanctions on Russian energy will disrupt energy flows and how the disruption and logistics can be managed to reduce the overall economic impact.Energy security will certainly be back on the agenda, along with energy transition and sustainability. Front and center overall will be the economy — how intractable inflation has been and how likely it is that there will be greater economic slowdown, and why the supply-chain disruptions continue to persist.And there will be a focus on the big impact on developing countries from the double crises in energy and food. In addition to the war in Ukraine itself, I expect we will see at Davos the initiation of a dialogue on the reconstruction of Ukraine — wh …

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