News
The fossil fuel phase-out is being neglected amid the energy crisis, warns the Climate Action Tracker. The demand for natural gas alone will consume 10 percent of the carbon budget by 2050. Moreover, 96 percent of oil and gas companies have plans for new fossil fuel projects.
By Bernhard Pötter
The price of gas must come down. That is why, starting next spring, the EU wants to collectively purchase a portion of the fuel and use it to fill the storage facilities for the following winter. Various models are under discussion.
By Manuel Berkel
According to information available to Europe.Table, Berlin is expecting almost empty storage facilities next spring. Experts also warn that the following winter will probably be even more difficult than this one.
By Manuel Berkel
The German "defensive shield" against high energy prices triggers calls in other EU states for new EU debt. Chancellor Olaf Scholz and Prime Minister Rutte reject the calls. They are relying on other instruments to reduce high gas prices.
By Redaktion Table
The EU states still hesitate to put a price cap on Russian gas imports. After the energy ministers' meeting on Friday, the Commission will first discuss less controversial measures against high energy costs tomorrow. Council decisions could follow before the end of September.
By Manuel Berkel
The day after emergency measures were announced, electricity and gas prices have dropped. There is also movement on joint EU gas purchasing ahead of the emergency meeting of energy ministers.
By Manuel Berkel