Dambisa Moyo: Europe's energy transition needs more than a "band-aid solution"
January 13, 2023
Most countries around the world understand that sooner or later they will need to transition to using more clean energy. But in the meantime, they still rely on over a hundred million barrels of oil per day.
What's more Russia's war in Ukraine has underscored our dependence on fossil fuels for energy.
“We hadn't anticipated that there'd be a war that would create these shocks. And that puts us slightly offside,” renowned economist Dambisa Moyo tells Ian Bremmer on GZERO World.
And what's the right way to move forward? For Moyo, Europe needs to ditch what she calls "industrial band-aid solutions" instead of the structural reforms needed to kick the Russian energy habit.
Watch the GZERO World episode: Struggling for economic progress as global recession looms in 2023
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