Europe’s energy crisis
Company: Deutsche Bank Aktiengesellschaft Filiale Prag, organizační složka
Europe is in the middle of an energy crisis. It’s grappling with two big challenges at the moment – urgently weaning itself off Russian energy, particularly gas, and moving to a cleaner energy economy. At times, those two goals seem to be in opposition to each other.
What we discuss
- What is the European response? There has been a patchwork of national support measures and three milestone packages.
- Will there be enough gas over winter? Probably yes, but it will be a balancing act. Household consumption will need to be closely monitored as the weather gets colder.
- What about the phasing out of Russian gas completely - is that possible?
- What are the challenges of the broader energy transformation? There is a lack of financing and constraints at the corporate and the household level.
- What are the challenges with transitioning to renewables? Is hydrogen the solution?
Video: Ten Green Bottlenecks
With all the talk of gas storage at 91%... new LNG terminals … and billions of public money to be spent on renewable energy… you might think Europe is on the brink of ending its dependency on Russian gas and moving to clean energy.
But we see 10 reasons why this will take longer than expected.