The pressure on Europe is growing as a result of the
18 Debates
18 Debates
The pressure on Europe is growing as a result of the
As many regions in Europe struggle with a heat wave, Russia is reducing its gas supplies, leaving the continent facing the prospect of a cold winter. Germany and Italy, which under normal circumstances would be filling up their gas storage facilities in preparation for the cold season, are currently the worst affected. The shortages have caused a 30-percent rise in gas prices. Media in Central and Eastern Europe are concerned for consumers.
The Dutch government has announced plans to ban fossil-fuel heating systems from 2026 and subsidise the use of heat pumps. The move also comes against the backdrop of the war in Ukraine and Europe's efforts to end its dependence on fossil energy from Russia. The national press doubts the transition can be implemented so swiftly.
The EU Commission on Wednesday presented its
The war in Ukraine is causing a marked rise in energy prices across the globe. This is one of the factors driving Europe to seek
The US has announced a ban on energy imports from Russia. Although the EU will not join the embargo, it plans to cut imports of Russian gas by two-thirds by the end of the year and be independent of Russian fossil fuels well before 2030. While some commentators stress that this is not the time for hesitation, others argue that an embargo won't make much difference anyway.
The EU Commission has presented its new
Electricity and gas prices
The ex-Soviet republic of Moldova and Russia have settled their
The Republic of Moldova, which so far has been dependent on Russian gas but has been unable to reach an agreement with Moscow on terms for continued supplies, has now purchased a first "test portion" of natural gas in Poland, which will be delivered via Ukraine. Journalists believe this confrontation could have unexpected consequences.
Wholesale prices for natural gas have quadrupled within a year, and a meeting of EU energy ministers on Tuesday failed to produce a joint action plan to counter
Ten EU countries are calling on Brussels to label
French President Emmanuel Macron has outlined in a speech how he wants to make France greener and more digital by 2030. He said further investments are needed in nuclear power, which he described as absolutely key to achieving the climate goals. But this is also about business: shortly after Macron's speech the French state energy company EDF submitted an offer to Poland for the construction of four to six nuclear reactors.
The newly elected US President
The oldest French nuclear power plant to date,
The Saudi oil company Aramco made its stock market debut on Tuesday and has replaced Microsoft and Apple as the most valuable company in the world. Saudi Arabia plans to use the proceeds from the sale of the state-owned company's shares to finance economic reforms aimed at reducing its dependence on oil. Commentators have their doubts about whether investors will play along.
According to a