Energy crisis could become a win-win situation for climate and the economy

Since the Russian attack on Ukraine almost a year ago, there is no shortage of pessimistic forecasts for the climate and for the economy: Geopolitical tensions might eclipse the fight against global heating, and oil and gas price shocks might ruin our prosperity. But a new study based on a respected economic equilibrium model concludes that the opposite is conceivable: a win-win situation for climate and the economy. The study, with contributions from the Berlin-based climate research institute MCC (Mercator Research Institute on Global Commons and Climate Change), has now been published in Nature Climate Change.

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