McMonigle: "You will essentially lose public support, probably permanently" (regarding worldwide energy transition)

 begin partial quote from:

https://keyt.com/news/2022/06/02/the-world-may-be-careening-toward-a-1970s-style-energy-crisis-or-worse/#:~:text=The%20world%20is%20grappling%20with,may%20just%20be%20the%20beginning.

‘We have to be careful here’

Energy experts told CNN they worry global policymakers are mismanaging the climate crisis, focusing too much on reducing supply and not enough on cutting the world’s appetite for fossil fuels.

“We’re not doing nearly enough to reduce hydrocarbon demand consistent with our climate goals,” said Bordoff.

Focusing on just one side of the equation risks not only price spikes but social unrest and turning the public off to climate action.

“We have to be careful here because if we allow the public to equate high energy prices with the energy transition, we’re doomed,” said McMonigle. “You will essentially lose public support, probably permanently.”

McMonigle urged governments to send signals to investors that not only is it okay to still invest in fossil fuels, but it’s “necessary” for the world economy and progress in the energy transition.

But even if policymakers convince investors to ramp up investment, that would take considerable time to result in more supply.

end quote.

I think Putin's economists are betting on turning off the whole world to the energy conversion to non-fossil fuels. I think this might be part of his long term strategy to keep the world on fossil fuels no matter what this does to global climate changes and floods and droughts and extreme winds worldwide.

Putin is thinking in terms of the War in Ukraine (or others) lasting now 5 to 10 years or more or maybe as long as he lives. The rest of the world might need to think about it this way too. After all the Viet Nam War went on from about the early 1960s with President Kennedy through the CIA until I believe around:

begin quote:

April 30, 1975

Having rebuilt their forces and upgraded their logistics system, North Vietnamese forces triggered a major offensive in the Central Highlands in March 1975. On April 30, 1975, NVA tanks rolled through the gate of the Presidential Palace in Saigon, effectively ending the war.

Ending the Vietnam War, 1969–1973 - Office of the Historian

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So, part of Putin's strategy is to stop the conversion away from fossil fuels because it is the lifeblood if the Russian Government and all it's programs to help their people.