It’s hard to drive around when the price of gas is being driven up.
But that’s a side effect of our interconnected global markets, said professor Sanjai Bhagat, who visited the Leeds Business Insights podcast to break down the ripple effects of Russia’s invasion of Ukraine. With the war pulling barrels of Russian oil from the global supply, and increasing prices as a result, the world is being forced to rethink its energy use.
And it will involve hard choices, said Bhagat, who has been recognized for his work with Fortune 500 companies and the Securities Exchange Commission.
“We can decide to focus more on cutting back on carbon-intensive electricity sources…but then that would have to be offset by nuclear, because even the best scenario, going out for the next 30, 40, 50 years, does not suggest that wind and solar can provide us with the majority of our energies.”
Leeds Business Insights features conversations with alumni, faculty and others in the Leeds community, who discuss current challenges in business and offer actionable takeaways to help you solve problems and advance in your career. You can find an episode summary on the Leeds website, and can subscribe wherever you get your podcasts.
