Europe’s gas crisis has entered a scary new phase. Last week, the biggest pipeline carrying Russian gas into Germany was closed for maintenance. And many in Europe fear the Russians will keep Nord Stream 1 closed indefinitely — putting further pressure on gas supply in the colder months.
Europeans are burning more coal, scrambling for new sources of gas and committing to lots of renewable energy in a frantic attempt to slash reliance on Russian fossil fuels. But there are real questions about how quickly those solutions will shift the balance of power.
Meanwhile, gas prices are soaring in markets around the world, leading to fears about recession and long-lasting economic impacts. What are the possible scenarios that could play out?
This week, Columbia Energy Exchange host Jason Bordoff sits down with Anne-Sophie Corbeau and Tatiana Mitrova to explain the state of gas markets.
Anne-Sophie Corbeau is a Global Research Scholar at the Center on Global Energy Policy at Columbia University’s School of International and Public Affairs; Tatiana Mitrova is a research fellow at the Center on Global Energy Policy.
The Carbon Copy is brought to you by KORE Power. KORE Power is the leading U.S.-based developer of battery cell technology for the clean energy industry. KORE Power is proud to offer a functional solution to real-world problems and fulfill market demand to deliver a zero-carbon future. Learn more at www.korepower.com.
The Carbon Copy is supported by GridX. GridX provides invaluable business insight that improves the uptake of the programs, products and services needed to decarbonize. Delivering on our clean energy future is complex. GridX exists to simplify the journey. Learn more.