The Paris Climate Accord is not worth the paper it is written on. All European citizens need to tell their political leaders (a bunch of hacks) to abandon this climate change wacko driven agenda before it is too late to save the EU economy.
Read this: https://www.visualcapitalist.com/what-i ... gy-crisis/
"As European gas prices soar eight times their 10-year average, countries are introducing policies to curb the impact of rising prices on households and businesses. These include everything from the cost of living subsidies to wholesale price regulation. Overall, funding for such initiatives has reached $276 billion as of August."
Europe learning why they need to abandon the Paris Agmnt
Europe learning why they need to abandon the Paris Agmnt
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group
Re: Europe learning why they need to abandon the Paris Agmnt
Last Updated: 19th December, 2022 06:05 IST
EU Gets Hit With $1 Trillion Energy Bill As Supply From Russia Halted Due To War
Market is expected to ease with boost in production capacity from US to Qatar, but until then, no respite in the soaring energy prices is speculated for bloc.
As a result of the ongoing Russia-Ukraine war, Europe has mounted roughly $1 trillion in energy bills in 2022, being described as the "deepest energy crisis in decades" that is speculated to worsen during the winter. The bloc is struggling to replenish its energy reserves as the deliveries from Russia have been cut off.
While the prices and costs for energy in the EU is depending on several factors like the prices of inputs, market competition and market integration conditions, regulatory and policy-related costs, taxation as well as consumers’ needs and behavioural patterns, the war, mainly expected to critically fluctuate the market prices until 2026, according to the Bloomberg's energy index.
More facilities struggling to find alternative
The competition for tankers of fuel has intensified, and more facilities are struggling to find alternative means of import for liquefied natural gas. The market is expected to ease with a boost in the production capacity from the US to Qatar, but until then, no respite in the soaring energy prices is speculated for the bloc.
On December 19, EU energy ministers concluded the talks on the Market Correction Mechanism, which focused on limiting the episodes of excessive gas price spikes across the member nations. The EU formally approved two emergency proposals put forward by the Commission aimed at combating the high energy prices and ensuring the security of supply amid the shortage and other challenges.
EU's Emergency Regulation was proposed on October 18 to introduce joint gas purchasing, new measures on transparent infrastructure use and solidarity between member states, and a new complementary benchmark for LNG as supply from Russia halted after the Nord Streams pipelines sabotage. The second Emergency Regulation aimed at simplification permitting procedures to accelerate the deployment of renewable energy, as well as introducing the regulation to reduce methane emissions in the energy sector. EU Commission President Ursula von der Leyen meanwhile attended the high-profile energy summit in Bucharest on energy security hosted by the President of Romania, Klaus Iohannis, and the Prime Minister, Nicolae Ciucă.
EU inked an agreement on a strategic partnership in the field of green energy development and transmission between Azerbaijan, Georgia, Hungary and Romania. The agreement will bring the EU closer to its partners in the South Caucasus and help both regions through the clean energy transition, while also boosting the security of supply, the bloc informed in a statement. < The idiots still don't understand that the "Green Energy Agenda" is what caused this mess.
EU Gets Hit With $1 Trillion Energy Bill As Supply From Russia Halted Due To War
Market is expected to ease with boost in production capacity from US to Qatar, but until then, no respite in the soaring energy prices is speculated for bloc.
As a result of the ongoing Russia-Ukraine war, Europe has mounted roughly $1 trillion in energy bills in 2022, being described as the "deepest energy crisis in decades" that is speculated to worsen during the winter. The bloc is struggling to replenish its energy reserves as the deliveries from Russia have been cut off.
While the prices and costs for energy in the EU is depending on several factors like the prices of inputs, market competition and market integration conditions, regulatory and policy-related costs, taxation as well as consumers’ needs and behavioural patterns, the war, mainly expected to critically fluctuate the market prices until 2026, according to the Bloomberg's energy index.
More facilities struggling to find alternative
The competition for tankers of fuel has intensified, and more facilities are struggling to find alternative means of import for liquefied natural gas. The market is expected to ease with a boost in the production capacity from the US to Qatar, but until then, no respite in the soaring energy prices is speculated for the bloc.
On December 19, EU energy ministers concluded the talks on the Market Correction Mechanism, which focused on limiting the episodes of excessive gas price spikes across the member nations. The EU formally approved two emergency proposals put forward by the Commission aimed at combating the high energy prices and ensuring the security of supply amid the shortage and other challenges.
EU's Emergency Regulation was proposed on October 18 to introduce joint gas purchasing, new measures on transparent infrastructure use and solidarity between member states, and a new complementary benchmark for LNG as supply from Russia halted after the Nord Streams pipelines sabotage. The second Emergency Regulation aimed at simplification permitting procedures to accelerate the deployment of renewable energy, as well as introducing the regulation to reduce methane emissions in the energy sector. EU Commission President Ursula von der Leyen meanwhile attended the high-profile energy summit in Bucharest on energy security hosted by the President of Romania, Klaus Iohannis, and the Prime Minister, Nicolae Ciucă.
EU inked an agreement on a strategic partnership in the field of green energy development and transmission between Azerbaijan, Georgia, Hungary and Romania. The agreement will bring the EU closer to its partners in the South Caucasus and help both regions through the clean energy transition, while also boosting the security of supply, the bloc informed in a statement. < The idiots still don't understand that the "Green Energy Agenda" is what caused this mess.
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group
Re: Europe learning why they need to abandon the Paris Agmnt
From Keith Kohl at The Energy Investor:
With this in mind, let’s take a look at the latest news in energy...
Europe's Staggering $1 Trillion Energy Tab Is NOTHING Compared With What's Coming Next Year
European leaders should be able to keep most of their citizens both warm and calm this winter. The most immediate sting caused by Russia’s sudden and prolonged departure from the energy market is mitigated — for now.
Next year, on the other hand, the reserves will be totally empty. A decent percentage of the reserve gas currently being burned in the EU was filled via the Nord Stream months or even years beforehand.
There’s no guarantee the tap will ever come back to Europe or whether there will even be a Nord Stream pipeline next year. I’m not even 100% sure there will be a Russia after this chaos subsides.
EU Energy Ministers Forge Desperate Gas Cap to Quell Surging Prices
The EU is throwing its weight around to help its citizens pay less for energy this winter. If the deal goes through successfully, gas will be capped at a maximum price of €200 per megawatt hour. Over the summer, wholesale prices shot up above €300/MWh — the equivalent of more than $500 a barrel in oil terms.
Now that EU gas stores are full for the time being, prices have subsided; however, the cap is there waiting in case of a sudden surge. Pricing in each nation varies greatly, resulting in more than a few differing opinions about the cap’s total dollar value.
But to placate Germany, the Netherlands and other countries that stand to get the raw end of the deal in this case have already enacted a few safeguards to keep everyone honest. It will be an enormous compromise for the bloc this winter.
With this in mind, let’s take a look at the latest news in energy...
Europe's Staggering $1 Trillion Energy Tab Is NOTHING Compared With What's Coming Next Year
European leaders should be able to keep most of their citizens both warm and calm this winter. The most immediate sting caused by Russia’s sudden and prolonged departure from the energy market is mitigated — for now.
Next year, on the other hand, the reserves will be totally empty. A decent percentage of the reserve gas currently being burned in the EU was filled via the Nord Stream months or even years beforehand.
There’s no guarantee the tap will ever come back to Europe or whether there will even be a Nord Stream pipeline next year. I’m not even 100% sure there will be a Russia after this chaos subsides.
EU Energy Ministers Forge Desperate Gas Cap to Quell Surging Prices
The EU is throwing its weight around to help its citizens pay less for energy this winter. If the deal goes through successfully, gas will be capped at a maximum price of €200 per megawatt hour. Over the summer, wholesale prices shot up above €300/MWh — the equivalent of more than $500 a barrel in oil terms.
Now that EU gas stores are full for the time being, prices have subsided; however, the cap is there waiting in case of a sudden surge. Pricing in each nation varies greatly, resulting in more than a few differing opinions about the cap’s total dollar value.
But to placate Germany, the Netherlands and other countries that stand to get the raw end of the deal in this case have already enacted a few safeguards to keep everyone honest. It will be an enormous compromise for the bloc this winter.
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group