Ukraine ‘significant bump in road’ for energy transition and ‘headache’ for insurers
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Ukraine ‘significant bump in road’ for energy transition and ‘headache’ for insurers

2022-04-09 Kyiv region, Ukraine. Destroyed russian tank with Wolverines painting stucked in the mud on the E40 highway near Kyiv. War in Ukraine

The war in Ukraine and its impact on global energy supply has created a “significant bump in the road” in terms of energy transition plans, causing a “headache” for the insurance industry, according to Aon’s UK head of natural resources Monty Lynch.

The broker said governments had developed a focus on energy security in the wake of the crisis, changing the outlook for global energy since the landmark COP26 conference in Glasgow last year.

“That

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