: Russia Tensions May Help Push Europe Towards a Cleaner Energy Future #WorldNEWS Escalating tensions with Russia are forcing a confrontation with an uncomfortable reality for European leaders: Vladimir
Russia Tensions May Help Push Europe Towards a Cleaner Energy Future #WorldNEWS
Escalating tensions with Russia are forcing a confrontation with an uncomfortable reality for European leaders: Vladimir Putin holds the cards when it comes to Europe’s energy needs.
The E. U. imports 35% of its natural gas from Russia. As countries like the Netherlands and Germany have wound down domestic fossil fuel production in recent decades—whether because of depleted reserves or environmental policies—Europe has increasingly turned towards cheap and plentiful imports of Russian natural gas, critical for electricity and heating.
The risks of that dependence—long a source of concern for Russia hawks in the U. S. and Europe—have been crystallizing for months. Natural gas prices nearly tripled last year after demand spiked following the end of pandemic lockdowns, plunging Europe into its most severe energy crisis since the 1970’s. The International Energy Agency says Russia has already worsened the situation by deliberately squeezing gas exports. A military conflict over Ukraine may choke supply even further, spelling some painful months, or even years, for Europe.
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But some environmentalists see a silver lining here: this moment could, they argue, act as a wake-up call for Europe on the risks of a fossil-fueled world. “If Europe doesnt want to be exposed to geopolitical risks like this, it needs to reduce its dependence on natural gas as quickly as possible,” says Euan Graham, a gas transition researcher at climate think tank E3G. “It should act as a real springboard to kind of rethink Europes relationship with gas. ”
Germany, the E. U. ’s center of gravity and one of the countries most dependent on Russian natural gas, has long tried to frame its foreign policy and its energy needs as separate issues. But its new government has signaled it might now shelve authorization of Nord Stream-2, a pipeline that would have boosted gas imports from Russia.
A version of this story first appeared in the Climate is Everything newsletter. To sign up, click here.
If Russia invades Ukraine and enters a military conflict with NATO powers, natural gas prices could well double from their already high levels, says Massimo Di Odoardo, vice president of global gas research at energy consultancy Wood Mackenzie. “There’s no telling how high [prices] will go and there’s very little Europe could do to prevent the increases. ”
The E. U. ’s big fear is that U. S. sanctions, which may limit Russias ability to use dollars or international payment systems, would make it difficult for customers to pay for natural gas orders and cause hold-ups.
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