The Energy Gang

The energy crisis is showing no signs of abating. There’s a shortage of energy, and the world’s efforts to transition to low-carbon energy are met with countless hurdles. Countries around the world are taking steps to mitigate the crisis caused by Russia’s invasion of Ukraine however. The EU announced a plan to stop using Russian oil, gas and coal – it’s called RepowerEU and would mean more renewable investment, more energy efficiency and a lot more hydrogen to cut demand for natural gas. Europe is heavily dependent on Russian supplies, particularly for natural gas, which creates problems for Europe’s foreign and security policy. If the EU wants to punish Russia economically, it really needs to hit its energy exports. And that is difficult to do while businesses and consumers in Europe are absolutely reliant on those imports.Next up it’s a look ahead to COP27 – what needs to be addressed in Egypt in November and what have we achieved since Glasgow last year? At COP26, a $500 billion investment was agreed to s