"Over the past 20 years, Europe closed its coal plants to embrace wind turbines.
But, that back-fired in 2021 when wind energy decreased resulting in less generation from the continent’s wind turbines. 
With fewer coal plants to fall back on, Europe turned to generating electricity from natural gas, causing natural gas prices to skyrocket and forcing Europe into a greater reliance on Russian natural gas.
- The result was manufacturing and fertilizer plants were forced to close, some power suppliers went out of business, carbon dioxide emissions increased, and about 80 million Europeans are now living in energy poverty—up from 50 million in 2019.
The European energy crisis shows what chaos can erupt when supply diversity in the electric sector is tampered with, and when governments start picking political winners and losers aggressively...Read all.
No comments:
Post a Comment