Ukraine war to slash European gas consumption ‘almost 50 per cent by 2050’
2 years, 2 months ago

Ukraine war to slash European gas consumption ‘almost 50 per cent by 2050’

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Gas will meet just 10 per cent of Europe’s energy demand in 2050 compared with 25 per cent today," they said in a statement. “The strongest engine of the global energy transition is the rapidly reducing costs of solar and wind energy, which will outweigh the present short-term shocks to the energy system.” The energy forecast also indicates that clean energy sources could rise above 50 per cent of the global energy mix for the first time by 2050. Meanwhile, there is also evidence of a surge in nulcear power due to energy security concerns, resulting in a "modest uptick, growing by 13 per cent from today’s levels to 2050". But overall, nuclear’s share in the energy mix will collapse, DNV said, from making up 10 per cent of the global energy mix today to just 5 per cent by 2050.

Europe Ukraine Gas Cent European 2050 Electricity Production Energy Mix Dnv  cent  energy  mix  consumption  global  50  sign  ukraine  forecast  2050  production  transition  european  war  slash  gas

History of this topic

Europe’s economic outlook brightens a little after avoiding recession. But inflation still squeezes
1 year, 7 months ago

Europe’s economic outlook brightens a little after avoiding recession. But inflation still squeezes

Associated Press  

FRANKFURT, Germany — The European Union’s executive body raised its economic growth forecast, saying Europe had dodged a winter recession that was feared amid an energy crisis but warning that stubbornly high inflation is likely to keep hurting the economy by sapping people’s ability to spend. The outlook for the 20 countries using the euro currency improved to growth of …

The ripple effects of Russia's war in Ukraine continue to change the world
1 year, 10 months ago

The ripple effects of Russia's war in Ukraine continue to change the world

NPR  

The ripple effects of Russia's war in Ukraine continue to change the world Loading. A year after Russia's invasion of Ukraine sparked the largest conflict in Europe since World War II, the repercussions continue to reverberate around the world. Turkey and the United Nations brokered a deal last summer to allow Ukrainian grain to pass through Black Sea ports, but …

Ukraine war expected to cost Germany 160 billion euros by the end of 2023
1 year, 10 months ago

Ukraine war expected to cost Germany 160 billion euros by the end of 2023

Hindustan Times  

The Ukraine war will have cost the German economy around 160 billion euros, or some 4% of its gross domestic output, in lost value creation by the end of the year, the head of the German Chambers of Industry and Commerce said. That means GDP per capita in Europe's largest economy will be 2,000 euros lower it would otherwise have …

Russia's war on Ukraine 'could push millions into extreme poverty'
1 year, 10 months ago

Russia's war on Ukraine 'could push millions into extreme poverty'

Daily Mail  

Experts already said energy prices are 'unlikely to return to normal' until 2030s Soaring energy prices triggered by Russia's war on Ukraine could push up to 141 million people worldwide into extreme poverty, a new study reveals. Average household energy cost for households globally has increased between 62.6 per cent and 112.9 per cent since conflict began on February 24 …

Explained: What the Ukraine war means for the global battle against climate change
1 year, 11 months ago

Explained: What the Ukraine war means for the global battle against climate change

Firstpost  

One of the most profound impacts of the Ukraine war has been on global energy markets, and by extension, on the global fight against climate change. “In the short term, Russia has been a winner because of the increase in the price of oil,” said Daniel Yergin, vice chair of S&P Global and an energy historian. “Today’s energy crisis has …

Europe needs clear-eyed view of US moves
1 year, 11 months ago

Europe needs clear-eyed view of US moves

China Daily  

A vehicle passes the building of the European Commission in Brussels, Belgium, Oct 18, 2022. The natural gas price in Europe once hit nearly €350 per megawatt-hour since the Russia-Ukraine conflict broke out. European energy ministers agreed on Dec 19 to impose a price cap if prices in the European Union's main trading centers remained above €180 per megawatt-hour for …

Economic War to Energy War: Ukraine War Strategises New Dimensions of Warfare
1 year, 11 months ago

Economic War to Energy War: Ukraine War Strategises New Dimensions of Warfare

News 18  

Backdrop The war in Ukraine started as a conventional war under nuclear hangover and soon turned into a hybrid war with non-state actors triggering sanctions against Russia as part of an economic war, Russia trying to starve the opponents of as much energy as possible, and the West trying to minimise Russian financial gains by capping the price and coercion …

Is Ukraine war speeding Europe’s transition to renewable energy?
2 years, 1 month ago

Is Ukraine war speeding Europe’s transition to renewable energy?

Al Jazeera  

Shortages are leading to a policy pivot towards a cleaner energy future, but some see a lack of cash to sustain investment. Renewable energy production in Europe reached record levels following Russia’s invasion of Ukraine, leading some energy analysts to predict that Europe is poised to surge forward in creating clean energy. “This can be a historic turning point towards …

Ukraine war: boost or setback for climate efforts?
2 years, 1 month ago

Ukraine war: boost or setback for climate efforts?

Associated Press  

BERLIN — Luetzerath may be 1,000 miles from Ukraine, but it is an indirect victim of Russia’s invasion and some fear so is Earth’s climate. “The only path to energy security, stable power prices and a livable planet lies in accelerating the renewable energy transition.” But Germany’s center-left government says the war in Ukraine means tough decisions need to be …

Report says Russia’s war in Ukraine can speed up move to clean energy
2 years, 1 month ago

Report says Russia’s war in Ukraine can speed up move to clean energy

LA Times  

Wind turbines turn on top of a dump next to the a BP refinery in Gelsenkirchen, Germany, on Oct. 22. Spiraling energy costs caused by various economic factors and the Ukraine war could be a turning point toward cleaner energy, the International Energy Agency said in a report Thursday. “Energy markets and policies have changed as a result of Russia’s …

Ukraine war to speed shift to green energy, IEA says
2 years, 1 month ago

Ukraine war to speed shift to green energy, IEA says

Al Jazeera  

Energy crisis is leading to policy changes and more investment in green energy amid sanctions on Russia’s supplies. Russia’s invasion of Ukraine is likely to accelerate the world’s transition to greener energy from fossil fuels, the International Energy Agency said on Thursday. “Energy markets and policies have changed as a result of Russia’s invasion of Ukraine, not just for the …

Ukraine War Fallout: Is Energy Crisis Imminent in Europe? - News18
2 years, 2 months ago

Ukraine War Fallout: Is Energy Crisis Imminent in Europe? - News18

News 18  

The Russia-Ukraine conflict, euphemistically called a “special military operation” by Russia when it launched the offensive, more than seven months ago was not expected to last more than a few days or weeks. Despite alarm bells from a January 2009 crisis that led to the disruption of Russian gas transiting through Ukraine for two weeks, and Russia’s annexation of Crimea …

Europe scrambling to cope with energy crisis as winter approaches
2 years, 2 months ago

Europe scrambling to cope with energy crisis as winter approaches

The Hindu  

Published : Oct 06, 2022 09:55 IST Travelling through Germany and Slovenia at the end of August, I found it hard to see the effects of the worst energy crisis that Europe has been undergoing in recent years—a combination of the effect of Russia ceasing gas supplies and the worst drought the continent has faced in 500 years. As one …

OECD: War in Ukraine to drag on global economy into 2023
2 years, 2 months ago

OECD: War in Ukraine to drag on global economy into 2023

Associated Press  

PARIS — Russia’s war in Ukraine and the lingering effects of the COVID-19 pandemic are dragging down global economic growth more than expected and driving up inflation that will stay high into next year, the Organization for Economic Cooperation and Development said Monday in a darkening outlook. The inflation and energy supply shock led the OECD to project annual economic …

Geopolitics of energy of the war in Ukraine & national responses to energy crisis
2 years, 2 months ago

Geopolitics of energy of the war in Ukraine & national responses to energy crisis

Hindustan Times  

The geopolitics of energy of the Russia-Ukraine war has exacerbated the energy problems globally risking the stability of the global markets, which have already been reeling through rising inflation and slowing growth. The war in Ukraine creates a vicious cycle of disruption of global supply chains, which in turn affects the prices of energy and essential commodities as well as …

Explained: Europe's looming energy crisis as Russia chokes gas supply
2 years, 3 months ago

Explained: Europe's looming energy crisis as Russia chokes gas supply

Firstpost  

With the halt in the Nord Stream 1 pipeline, Russian gas shipments have fallen 89 per cent from a year ago. Russia used to supply 40 per cent of Europe’s natural gas, and even more to Germany, where inexpensive energy was a pillar of the economy. There’s still some Russian gas flowing to Europe through a pipeline passing through Ukraine …

U.S. envoy Rick Duke says Russian invasion of Ukraine speeds shift to clean energy
2 years, 3 months ago

U.S. envoy Rick Duke says Russian invasion of Ukraine speeds shift to clean energy

The Hindu  

Russia’s invasion of Ukraine will accelerate the world’s shift to renewable energy because of price shocks in oil and gas, a U.S. climate envoy said on August 25. U. S. Deputy Special Envoy for Climate Rick Duke was speaking at an Australian National University forum after meetings with Australian government officials on bilateral cooperation in transitioning to net-zero greenhouse emissions …

Russia-Ukraine conflict and the future of energy transaction
2 years, 4 months ago

Russia-Ukraine conflict and the future of energy transaction

Hindustan Times  

Russia's invasion of Ukraine has displaced millions of people and killed thousands on both sides since the conflict began. The United States and Europe should keep a careful eye on how China and India respond to Russia's persistent energy disruption. China is by far the world's largest energy consumer and emitter of greenhouse gases, while the third-largest emitter of GHGs …

EU draws up energy plan in case of Russian gas cutoff
2 years, 5 months ago

EU draws up energy plan in case of Russian gas cutoff

Associated Press  

BRUSSELS — The European Union’s head office on Wednesday proposed that member states cut their gas use by 15% over the coming months as the bloc braced for a possible full Russian cutoff of natural gas supplies that could add a big chill to the upcoming winter. While the initial cuts would be voluntary, the Commission also asked for the …

Ukraine war: COP26, IEA heads warn of digging in on fossil fuels
2 years, 7 months ago

Ukraine war: COP26, IEA heads warn of digging in on fossil fuels

Al Jazeera  

Alok Sharma and Fatih Birol say they are hopeful the global hydrocarbon crisis could spur a transition to green energy. “If you do so, we will lock in our energy infrastructure and the chances of reaching our climate goals, which were once again agreed to and endorsed in Glasgow, will be diminishing substantially.” Those COP26 pledges include a pact to …

Europe’s push to cut Russian gas faces a race against winter
2 years, 7 months ago

Europe’s push to cut Russian gas faces a race against winter

Associated Press  

While Europeans bask in the warmth of spring, governments are in a race against winter. “There’s no additional supply,” said James Huckstepp, manager for Europe, Middle East and Africa gas analytics at S&P Global Commodity Insights. But there’s a long way to go — Russia sent 155 billion cubic meters of natural gas to Europe annually before the war. Huckstepp …

Europeans weigh costs of cutting Russian energy over Ukraine
2 years, 7 months ago

Europeans weigh costs of cutting Russian energy over Ukraine

Associated Press  

MILAN — Across Europe, rising energy prices are testing the resolve of ordinary consumers and business owners who are caught between the continent’s dependence on cheap Russian energy and its revulsion over President Vladimir Putin’s invasion of Ukraine. European Union countries import 40% of gas and 25% of oil from Russia, and the current EU timetable doesn’t foresee energy independence …

German bosses, unions jointly oppose boycott of Russian gas
2 years, 8 months ago

German bosses, unions jointly oppose boycott of Russian gas

Associated Press  

BERLIN — Germany’s employers and unions have joined together in opposing an immediate European Union ban on natural gas imports from Russia over its invasion of Ukraine, saying such a move would lead to factory shutdowns and the loss of jobs in the bloc’s largest economy. “A rapid gas embargo would lead to loss of production, shutdowns, a further de-industrialization …

Russia's invasion of Ukraine is a fossil fuel war, climate scientist says
2 years, 8 months ago

Russia's invasion of Ukraine is a fossil fuel war, climate scientist says

NPR  

Russia's invasion of Ukraine is a fossil fuel war, climate scientist says Enlarge this image toggle caption Kirill Kudryavtsev/AFP via Getty Images Kirill Kudryavtsev/AFP via Getty Images In the days before Russia invaded Ukraine, a leading climate scientist, Svitlana Krakovska, was in Kyiv, racing to finish a landmark U.N. climate report. "With our demand to put this embargo on Russian …

How the war in Ukraine could speed up Europe's climate plans
2 years, 8 months ago

How the war in Ukraine could speed up Europe's climate plans

NPR  

How the war in Ukraine could speed up Europe's climate plans Enlarge this image toggle caption Cliff Owen/AP Cliff Owen/AP The war in Ukraine has made getting more fossil fuels to Europe a top priority of the Biden Administration, in order to wean European Union members off Russian energy. What U.S. politicians can - and can't - do for Europe …

EXPLAINER: What’s next for Europe’s natural gas during war?
2 years, 8 months ago

EXPLAINER: What’s next for Europe’s natural gas during war?

Associated Press  

Russian President Vladimir Putin is demanding payment in rubles for natural gas — or else. The open questions about what the change could mean have sent shudders through energy markets, raising uncertainty about whether Europe’s natural gas could be cut off and cause a major hit to the economy. Economy Ministry spokeswoman Beate Baron noted that Russia’s Gazprombank has been …

Russia-Ukraine war shakes Europe path to energy independence, climate goals
2 years, 8 months ago

Russia-Ukraine war shakes Europe path to energy independence, climate goals

India Today  

Before Russia’s war in Ukraine, Europe’s most pressing energy policy goal was reducing carbon emissions that cause climate change. But longer term, the geopolitical and price pressures stoked by Russia’s war in Ukraine may actually accelerate Europe’s transition away from oil, gas and coal. The rapid pursuit of energy independence from Russia will likely require “a slight increase” in carbon …

War shakes Europe path to energy independence, climate goals
2 years, 8 months ago

War shakes Europe path to energy independence, climate goals

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

War shakes Europe path to energy independence, climate goals
2 years, 8 months ago

War shakes Europe path to energy independence, climate goals

Associated Press  

BERLIN — Before Russia’s war in Ukraine, Europe’s most pressing energy policy goal was reducing carbon emissions that cause climate change. But longer term, the geopolitical and price pressures stoked by Russia’s war in Ukraine may actually accelerate Europe’s transition away from oil, gas and coal. The rapid pursuit of energy independence from Russia will likely require “a slight increase” …

Ukraine war drives US, EU deal to undercut Russian energy
2 years, 8 months ago

Ukraine war drives US, EU deal to undercut Russian energy

Associated Press  

BRUSSELS — With stunning speed, Russia’s war in Ukraine is driving Western Europe into the outstretched arms of the United States again, especially apparent when President Joe Biden offered a major expansion of natural gas shipments to his European Union counterpart Friday. Talking to European Commission President Ursula von der Leyen, Biden said the core issue was “helping Europe reduce …

Will Ukraine war revitalise coal – world’s dirtiest fossil fuel?
2 years, 8 months ago

Will Ukraine war revitalise coal – world’s dirtiest fossil fuel?

Al Jazeera  

Coal demand began surging in 2021 as gas prices rose, an effect intensified by the Russian invasion of Ukraine, threatening the EU’s legally binding 2030 climate target. The president of last year’s COP26 may have called for it to be “consigned to history” but demand for little-loved coal, the world’s dirtiest fossil fuel, has surged in recent weeks. “Countries that …

US, EU announce plan to reduce European reliance on Russian gas
2 years, 8 months ago

US, EU announce plan to reduce European reliance on Russian gas

Al Jazeera  

A new joint task force to work on slashing the bloc’s dependence on Russian fossil fuels. The United States and the European Union have unveiled a plan to reduce Europe’s dependence on Russian fossil fuels following the invasion of Ukraine. US President Joe Biden and European Commission President Ursula von der Leyen announced the creation of the joint task force …

EU commits to phasing out dependency on Russian fossil fuels
2 years, 9 months ago

EU commits to phasing out dependency on Russian fossil fuels

Associated Press  

BRUSSELS — The European Union is seeking to fully phase out its reliance on Russian energy “well before 2030” to ensure the 27-nation bloc no longer faces difficult decisions about hurting their own economies in geopolitical crises like the invasion of Ukraine. The EU leaders meet in Versailles outside Paris for a two-day summit starting Thursday and will be working …

One Major Way the Ukraine Crisis Could Change Europe
2 years, 9 months ago

One Major Way the Ukraine Crisis Could Change Europe

Slate  

Why have energy resources been such a big talking point during the Ukraine crisis, seeing as they’re not the impetus for Russia’s invasion? I recently interviewed Gordon about where he thinks the issues with Europe’s energy market actually lie, what actions the EU should take in response to energy shocks, and how Europe can wean itself off Russian gas and …

EXPLAINER: What does Ukraine invasion mean for energy bills?
2 years, 9 months ago

EXPLAINER: What does Ukraine invasion mean for energy bills?

Associated Press  

FRANKFURT, Germany — Even as gunfire sounded in Ukraine’s capital, natural gas kept flowing normally Friday through the major pipelines from Russia to Europe. Russia’s attack on Ukraine has whipsawed energy markets, not least because Europe depends on Russian supplies of natural gas. Prices for both dropped after U.S. and European officials said sanctions against Russia would not interrupt energy …

Russian attempts to 'weaponise' energy may fast-track Europe's shift to renewables, after initial pain
2 years, 9 months ago

Russian attempts to 'weaponise' energy may fast-track Europe's shift to renewables, after initial pain

ABC  

Energy experts say any attempts by Moscow to cut off European gas supplies are likely to backfire by fast-tracking the continent's shift away from fossil fuels towards renewable power. Key points: There are mounting concerns Russia could cut off energy supplies to Europe as its conflict with Ukraine intensifies Russia provides almost half of Europe's gas needs via a network …

Ukraine invasion ‘puts zero-carbon rocket boosters’ on need to transition to clean energy
2 years, 9 months ago

Ukraine invasion ‘puts zero-carbon rocket boosters’ on need to transition to clean energy

The Independent  

Sign up to the Independent Climate email for the latest advice on saving the planet Get our free Climate email Get our free Climate email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Russia’s invasion of Ukraine has injected new urgency in the need to wean western Europe …

Russia-Ukraine conflict raises big risks for global economy
2 years, 10 months ago

Russia-Ukraine conflict raises big risks for global economy

Associated Press  

WASHINGTON — Just what a vulnerable world economy didn’t need — a conflict that accelerates inflation, rattles markets and portends trouble for everyone from European consumers to indebted Chinese developers and families in Africa that face soaring food prices. “It’s a tricky moment now, given where the global economy is.’’ Russia’s attack could slow Europe’s economic recovery by sending already …

Russia-Ukraine conflict raises big risks for global economy
2 years, 10 months ago

Russia-Ukraine conflict raises big risks for global economy

LA Times  

A man watches a large video screen showing news about Russia on the side of the Bombay Stock Exchange building in Mumbai, India, on Thursday. “It’s a tricky moment now, given where the global economy is.” Russia’s attack could slow Europe’s economic recovery by sending already elevated energy prices ever higher. “Gas prices in Europe are already crushing households and …

Natural gas, petrol prices could jump if Russia-Ukraine conflict worsens
2 years, 10 months ago

Natural gas, petrol prices could jump if Russia-Ukraine conflict worsens

NL Times  

The escalating conflict between Russia and Ukraine pushed the prices of oil and natural gas. The suggested retail price for a liter of Euro95 could reach 2.20 euros, Paul van Selms of the organization said to RTL Nieuws. Minister Rob Jetten said on Wednesday that it is hard to predict what will happen to the gas price for Netherlands residents …

How Europe's reliance on Russia's gas plays into the war in Ukraine
2 years, 10 months ago

How Europe's reliance on Russia's gas plays into the war in Ukraine

NPR  

How Europe's reliance on Russia's gas plays into the war in Ukraine toggle caption Jens Buettner/AP As much as 40% of Europe's natural gas is supplied by Russia — prompting fears about what might happen if Moscow cuts off some or all of that supply. As of early Thursday, Russia's major energy company Gazprom said gas exports via Ukraine continue …

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