The gas crisis and its implications

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The gas crisis and its implications
 © CyprusMail 2021
Europe has been left exposed to the vagaries of extreme weather

 

Europe is going through a natural gas crisis, partly self-inflicted. The spectacular increase in gas, but also electricity, prices is threatening to derail economic recovery as Europe emerges from Covid-19. This also includes Cyprus, but for somewhat different reasons, covered later in the article.

Economic recovery has been accompanied by a substantial increase in energy demand in comparison to 2020. At the same time, soaring emission allowance costs have been driving coal out of Europe’s energy mix, with natural gas – as...


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Article automatically added to our system on Sunday, September 26, 2021

The gas crisis and its implications


Contents of this article including associated images are © CyprusMail 2021
Views & opinions expressed are those of the author and/or CyprusMail .

Article Tags: #crisis   #implications  


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