It’s just another day in the global energy crisis: Years of climate goals are evaporating

When your currency is backed by renewables… | 1 year of Euro/USD

The threat of the Russians cutting off gas completely through Nord stream 1 has focused Europe on the blessings of coal and the reality of surviving winter with only windmills and solar panels to keep warm.

Germany, France, Austria, Netherlands, and the UK have already changed plans to shut coal plants or have plans to revive old ones. Poland is buying coal directly for homes. Hungary has now also declared a state of emergency and said it will boost gas production and stop exports. No sharing allowed now.

Only two years ago Greece was going green — phasing out brown coal but now the Greek power corporation has been told to stop the phase out of coal. Last year lignite provided only 5% of the electricity in Greece, now the aim is 20%.

Hungary declares ‘state of emergency’ over threat of energy shortages

Euronews

Budapest says it will boost its annual production of natural gas from 1.5 billion cubic metres to 2 billion cubic metres. The […]