The Energy Crunch Spreads, but Climate Campaigners Press On

After three weeks in which significant portions of the Capital ...

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BY ANDREW STUTTAFORD Image October 03, 2021
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BY ANDREW STUTTAFORD October 03, 2021
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The Energy Crunch Spreads, but Climate Campaigners Press On

After three weeks in which significant portions of the Capital Letter have been focused on the growing energy crunch in Europe, I was thinking that it was time, as people used to say, to move on. This crunch has (up to now, although that is changing) revolved primarily around natural gas, but it has also highlighted the unreliability of wind energy, and ought (even if, so far, there are few signs of it) to be leading to a major rethink about how we should handle the energy "transition" that is now under way. (Spoiler: not in the manner in which it is currently being handled.) These are big topics, but surely, I thought, it was time for a break.

Then I saw this story from Bloomberg on Thursday:

It's not just extra natural gas that Europe's struggling energy markets are finding tough to get from Russia.

Power producers in the continent are being forced to ask Russia for more coal to ease an energy crunch with winter approaching and record-high gas prices denting profitability, according to officials at two Russian coal companies. But they may be left stranded as any increase in exports from the country won't be substantial, they said.

Russia! Coal ...   READ MORE

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