Three years after Russia's invasion of Ukraine, Europe is still battling an energy crisis. But how did we get here, and what’s next? :globe_showing_Europe-Africa::high_voltage:
Before 2022, Europe relied on Russian gas for 35% of its supply. When the war began, gas prices soared, and Europe scrambled for alternatives like LNG from the U.S. and Norway. Renewable energy—wind and solar—grew by 50% since 2021, but energy costs remain high.
With Russia still selling LNG to Europe and global competition driving up prices, the future remains uncertain. Will Europe ramp up renewables and nuclear energy, or will domestic gas production make a comeback?
Location: London
WooGlobe Ref : WGA530046
For licensing and to use this video, please email licensing@wooglobe.com
Before 2022, Europe relied on Russian gas for 35% of its supply. When the war began, gas prices soared, and Europe scrambled for alternatives like LNG from the U.S. and Norway. Renewable energy—wind and solar—grew by 50% since 2021, but energy costs remain high.
With Russia still selling LNG to Europe and global competition driving up prices, the future remains uncertain. Will Europe ramp up renewables and nuclear energy, or will domestic gas production make a comeback?
Location: London
WooGlobe Ref : WGA530046
For licensing and to use this video, please email licensing@wooglobe.com
Category
😹
FunTranscript
00:00Three years after Russia's invasion of Ukraine,
00:02Europe is still battling an energy crisis.
00:05But how did we get here, and what's next?
00:07Stay with us to find out.
00:09Before 2022, Europe relied heavily on Russian gas,
00:13about 35% of its supply.
00:16But when the war began,
00:17that energy source turned into a geopolitical weapon.
00:21Prices soared, and Europe scrambled for alternatives.
00:25The biggest replacement?
00:27Liquefied natural gas, LNG, from the US and Norway.
00:31Wind and solar energy also surged,
00:33growing 50% since 2021.
00:36But there's a catch.
00:38High energy prices have hurt businesses and families.
00:41Some factories closed or moved to cheaper regions,
00:44and millions of Europeans struggle to heat their homes.
00:48So, what's the future?
00:50Europe is investing in renewables and nuclear energy.
00:53But gaps remain, especially when the wind doesn't blow,
00:57or the sun doesn't shine.
00:59Europe is now competing with China and other nations for LNG,
01:02making gas expensive.
01:04And surprisingly, Russia still sells LNG to Europe.
01:08With energy still costly, the EU faces tough choices.
01:12Will it increase domestic gas production?
01:15Expand renewables faster?
01:17One thing is certain.
01:18Europe's energy future is still uncertain.
01:22What's your take on this crisis?