Columbia Energy Exchange: Will Putin’s Energy Strategy Backfire?

What this episode covers

Dr. Dan Yergin, Vice Chairman of S&P Global and author of 'The New Map', discusses the geopolitical and economic fallout of Russia's invasion of Ukraine on global energy markets. He explains how Putin's strategy of weaponizing gas has backfired by accelerating Europe's shift to LNG and isolating Russia from Western technology, while simultaneously highlighting the looming supply gap for critical minerals like copper needed for the clean energy transition. Yergin argues that the crisis has ended the era of globalization, forcing a shift toward industrial policy, reshoring, and diversified supply chains to ensure energy security.