The EU’s policy of switching to clean energy sources could lead Europe to disaster this winter, Forbes reported.
The policy of the European Union (EU) of switching to clean energy sources could lead Europe to disaster this winter, Forbes added.
The record rise in world gas prices could push many thermal power plants to switch to oil or coal, which will increase the cost of these types of hydrocarbons.
However, in the case of Europe, this option may not work due to the policy of switching to green energy. Many European countries have closed coal, gas, and nuclear power plants.
This policy led to a crisis in the summer, as wind farms in Europe were idle due to weak winds, and thermal power plants were forced to switch to fuel oil.
Coal power plants have not saved the day, as many mines in Europe are closed.
The gas crisis is gradually becoming a global one, and it will take ten years to overcome the difficulties, which took the transition to environmentally friendly energy sources, experts say.
According to Wood MacKenzie and Rystad Energy, investments in the development of new fields will amount to hundreds of billions of dollars. “It’s not something that can be fixed overnight,” notes Forbes. Europe simply does not have that kind of money.
As for the increase in gas supplies to Europe from the US, the EU is silent on this matter, since it is a taboo subject. Meanwhile, the US has redirected its liquefied gas from Europe to Asia, since the cost of gas and profits are higher there.