| ▲ | anovikov 8 hours ago | |||||||
Unlike with Russia in 2022, there's nothing Europe can realistically do about it, only path forward is now the renewable energy. Time horizon is too short for nuclear, Russian supplies are already outlawed and beyond realistic control anyway (Nord Stream pipelines are rotten in the bottom of the sea and Ukraine won't agree to renew transit to matter the pressure, even if it is abandoned and has to fight alone - in drone war there's very little leverage anyone has on them). EU is highly energy efficient and already uses a lot of renewables, more than any other large country or block of countries. So in a relative sense, in terms of competitiveness, we win in an energy crisis. It's a much bigger problem for Africa, Southeast and South Asia, and Latin America. They simply have no way out and will suffer, having no say in this situation and no recourse no matter how politically poisonous it was. They will absorb all the real harm. While suffering they will provide global demand for renewable tech making it even cheaper and transition, faster. | ||||||||
| ▲ | leonidasrup 6 hours ago | parent [-] | |||||||
EU is loosing in energy competition. Energy prices are higher then in US, much higher than in China. It's highly dependent on fossil energy imports, it's the single biggest import item. https://www.seair.co.in/blog/imports-from-europe.aspx After Russia invaded Ukraine in 2022, Germany run to Qatar to secure future gas supplies. They just replaced Russian gas with LNG imports. https://www.dw.com/en/german-minister-heads-to-qatar-to-seek... Germany extended coal mining. https://www.politico.eu/article/germany-robert-habeck-coal-e.... | ||||||||
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