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Ukraine
JD Vance was supposed to be the inconsequential vice-president. But his starring role in Friday’s blowup between Donald Trump and Volodymyr Zelenskyy – where he played a cross between Trump’s bulldog and a tech bro Iago – may mark the moment that the postwar alliance between Europe and the US finally collapsed.
European and US oil and gas majors have made profits of more than a quarter of a trillion dollars since Russia invaded Ukraine, according to a new analysis by Global Witness marking two years since the conflict began. After posting record gains in 2022 off the back of soaring energy prices, the big five fossil fuel companies paid shareholders an unprecedented $111 billion in 2023. In the hottest year ever recorded, this figure is some 158 times what was pledged to vulnerable nations at last year’s COP28 climate summit.
In Munich I heard both Ukrainians and Alexei Navalny’s widow tell us why Putin must be defeated, says Guardian columnist Timothy Garton Ash
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The U.N. nuclear chief warned that Europe’s largest nuclear power plant in Ukraine “is completely out of control” and issued an urgent plea to Russia and Ukraine to quickly allow experts to visit the sprawling complex to stabilize the situation and avoid a nuclear accident. Rafael Grossi, director general of the International Atomic Energy Agency, said in an interview Tuesday with The Associated Press that the situation is getting more perilous every day at the Zaporizhzhia plant in the southeastern city of Enerhodar, which Russian troops seized in early March, soon after their Feb. 24. invasion of Ukraine. “Every principle of nuclear safety has been violated” at the plant, he said. “What is at stake is extremely serious and extremely grave and dangerous.”
Energy prices are rocketing, inflation is soaring and millions are being starved of grain. Surely Johnson knew this would happen?
He has weaponised food, energy and refugees, spreading economic and political pain across the continent. Sanctions don’t work, a land for peace deal would be a disaster. Only the military route remains
In Madrid, the organisation showed a great sense of purpose. But beware a divided Europe and a US still tired of paying for the continent’s security
President Zelenskiy and Ukraine want it finished by winter, but Russia still holds the balance of power
It may sound like Marxism, but the proposal aimed at taming prices and cutting Putin’s funds came from the G7
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Rystad Energy - A perfect and unavoidable storm: LNG supply crisis will make landfall in winter 2022
(09/05) - Press ReleasesA liquified natural gas (LNG) crisis is brewing for European countries dealing with energy insecurity in the wake of Russia’s invasion of Ukraine, as demand will outstrip supply by the end of this year, Rystad Energy research shows. Although soaring demand has spurred the greatest rush of new LNG projects worldwide in more than a decade, construction timelines mean material relief is unlikely only after 2024. Global LNG demand is expected to hit 436 million tonnes in 2022, outpacing the available supply of just 410 million tonnes. A perfect winter storm may be forming for Europe as the continent seeks to limit Russian gas flows. The supply imbalance and high prices will set the scene for the most bullish environment for LNG projects in more than a decade, although supply from these projects will only arrive and provide relief from after 2024 The European Union’s REPowerEU plan has set an ambitious target to reduce dependence on Russian gas by 66% within this year – an aim that will clash with the EU’s goal of
Coal plants will be reactivated if Russian President Vladimir Putin threatens a gas cutoff, a government official said. That would trigger the second of a three-stage Germany’s gas emergency plan.
The Bank of England governor warned last week of ‘apocalyptic’ food price rises. Yet war in Ukraine, climate change and inflation are already taking their toll all over the world. Apocalypse is an alarming idea, commonly taken to denote catastrophic destruction foreshadowing the end of the world. But in the original Greek, apokálypsis means a revelation or an uncovering. One vernacular definition is “to take the lid off something”.
Countries should move from coal to renewable energy without shifting to gas as a “transition” fuel to save money, as high gas prices and market volatility have made the fossil fuel an expensive option, analysis has found. Natural gas has long been touted as a “transition” fuel for economies dependent on coal for their power needs, as it has lower carbon dioxide emissions than coal but requires similar centralised infrastructure, and gas-fired power stations take only a couple of years to build. Earlier this year, before Russia invaded Ukraine, the European Commission angered green campaigners by including gas as a “bridge” to clean energy in its guidebook for green investment.
The war in Ukraine is laying bare a generational divide over what lessons Germany should draw from its own history of waging bloody conflicts, as some of the country’s leading artists and intellectuals line up in favour of or against supplying Kyiv with weapons in a series of open letters.
Russia has nearly doubled its revenues from selling fossil fuels to the EU during the two months of war in Ukraine, benefiting from soaring prices even as volumes have been reduced.
Metals will play a central role in successfully building Europe’s clean technology value chains and meeting the EU’s 2050 climate-neutrality goal. In the wake of supply disruptions from the COVID-19 pandemic and Russia's invasion of Ukraine, Europe’s lack of resilience for its growing metals needs has become a strategic concern. This study evaluates how Europe can fulfil its goal of “achieving resource security” and “reducing strategic dependencies” for its energy transition metals, through a demand, supply, and sustainability assessment of the EU Green Deal and its resource needs . It concludes that Europe has a window of opportunity to lay the foundation for a higher level of strate- gic autonomy and sustainability for its strategic metals through optimised recycling, domestic value chain investment, and more active global sourcing. But firm action is needed soon to avoid bottlenecks for several materials that risk being in global short supply at the end of this decade.
Only the boldest leadership can unite the EU against the delusional tyrant in Moscow. The German chancellor has the chance to provide it
Strong measures by Europe could quickly deprive Russia of oil and gas income worth billions, experts say
Germany is bracing for supplies to be cut by Moscow in retaliation for sanctions or as part of an energy embargo