The current energy crisis in Europe as a result of Russia’s invasion of Ukraine earlier in 2022 means that the prices of fuel oil, gas and electricity have soared. Russia has turned off the taps on natural gas to Europe, leaving countries scrambling to diversify their energy sources. Across...
Energy Markets Under Stress: Some Reflections on Lessons From the 2021-2023 Energy Price Crisis in Europedoi:10.5547/01956574.45.4.mpolPollitt, Michael G.Economics of Energy & Environmental Policy
Europe's car manufacturers have been hit by another roadblock. Following logistics backlogs caused by COVID-19 shutdowns and a scarcity of semiconductors, they must now navigate the complications of rising energy prices and potential power cuts.&nbs
9 (Xinhua) -- During a Xinhua interview, a French expert stressed that the energy crisis in Europe is bound to have a major economic impact. High temperatures and drought have deepened the energy crisis in Europe this summer, affecting electricity production at a time when the European ...
Governments across Europe are now focused on the potential energy crisis unleashed by a post-pandemic recovery, a global supply shortage and pressure on fossil fuels. Like the panic over petrol, it's a combination of events that has lent an urgency to the UK energy debate and it'...
The ongoing energy crisis in Europe has compelled the European Union (EU) to take new measures in hastening the transition towards a secure and sustainable energy system, free from external vulnerabilities. The EU has experienced an unprecedented surge in electricity prices, primarily due to the Ukr...
Fuel crisis: slash demand in three sectors to protect economies and climate. Nature 606, 460–462 (2022). Article Google Scholar Sun, Z., Scherer, L., Zhang, Q. & Behrens, P. Adoption of plant-based diets across Europe can improve food resilience against the Russia–Ukraine conflict. ...
The energy crisis will shape the macroeconomic outlook again in 2023, keeping the eurozone economy in recession at the start of the year and leading to a full-year contraction in GDP.
But through a combination of high gas storage levels and government spending packages to subsidize people's bills, Europe may be able to manage the crisis this year. "I think it has been addressed for this winter," Looney said. "It's the next winter I think many of us worry, in E...
based on Bloomberg calculations. But a short-term increase in emissions may be the least bad option. Since Europe isn’t planning to build new coal power plants as part of its response to the war in Ukraine, any additional pollution created by new coal and oil imports can be cut once gre...