24th of February 2022. Russia invades Ukraine and marks the beginning of a cruel war. As a result, the energy system got disrupted, and an energy crisis was triggered with multiple consequences for companies, governments, and society. Simultaneously, the consequences of the climate crisis are getting ever closer, and it is uncertain how the progress in the energy transition will behave in the current energy crisis and what consequences the war will have on it. This study aims to provide insights into how the Ukraine war influenced the green energy transition. While there is existing research on the subject from a policymaker's perspective, there is a lack of evidence from the company's point of view (which plays a significant role in the transition) that this paper aims to deliver. The overarching question that this paper answers is whether the Ukraine war led to an acceleration or deceleration of the green energy transition. To answer this question, interviews with leading industry experts from big energy companies and consultancies have been conducted along with an external view from scientist and IPCC lead author Bart van den Hurk. The key findings from these interviews provide a deep understanding of the perspective of energy companies on the influence of the war in both the short- and long term. These insights will allow companies and policymakers to enrich their strategic decision-making and strengthen their understanding of this dynamic and complex challenge.
Date of Award | 3 Jul 2023 |
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Original language | English |
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Awarding Institution | - Universidade Católica Portuguesa
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Supervisor | Nuno Moreira da Cruz (Supervisor) |
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- Green energy transition
- Sustainability
- Crisis management
- Business
- Energy crisis
- Climate change
- Energy trilemma
- Management
- Ukraine war
- Mestrado em Gestão e Administração de Empresas
The Ukraine war : a catalyst or a barrier to big oil’s green energy transition progress? A qualitative analysis based on insights from leading industry experts
Schäfer, D. (Student). 3 Jul 2023
Student thesis: Master's Thesis