J.P. Morgan Asset Management - The Weekly Brief

28.02.2022 15:19 - JPMorgan Asset Management (Switzerland) LLC

J.P. Morgan Asset Management - The Weekly Brief

Die Entwicklung des Russland-Ukraine-Krieges bleibt ungewiss. Angesichts des russischen Einflusses auf die weltweite Rohstoffproduktion haben die eskalierenden Spannungen zu einem starken Preisanstieg bei Energie, Metallen und Agrarrohstoffen geführt. Etwaige Lieferausfälle könnten für die Europäische Union (EU) besonders von Bedeutung sein, da derzeit etwa ein Viertel der EU-Rohölimporte und 40% der Erdgasimporte aus Russland stammen. Zusätzlich verschärft wurden die Preisschwankungen durch die Tatsache, dass die Energievorräte in der EU nach einem ungewöhnlich kalten Herbst zu Beginn des Winters weitgehend erschöpft waren. Nach der jüngsten Entscheidung Deutschlands, die Zertifizierung der Gaspipeline Nord Stream 2 einzustellen, ist die Sicherung alternativer Energiequellen von enormer Dringlichkeit. Neben den angestrebten Netto-Null-Emissionen wird auch die Sorge um die Energiesicherheit den Druck auf die europäischen Regierungen erhöhen, fossile Brennstoffimporte durch im Inland erzeugte erneuerbare Energien zu ersetzen.

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