Kremlin says Europe switching gas dependency from Russia to US
Europe is simply switching from dependency on Russian gas to dependency on liquefied natural gas (LNG) from the United States, the RIA news agency quoted Kremlin spokesman Dmitry Peskov as saying.
He called the European desire to shake off dependency on Russian gas “absurd” and “frenzied”, noting that the dependence was the same, just with “much less reciprocity”.
“And now, when the Europeans are losing billions of euros every day, Washington is already earning these billions of dollars,” Peskov added.
Wind and solar are set to account for over 90% of global electricity expansion over the next five years, according to the IEA.
electrek.co
Wind and solar are set to account for over 90% of global electricity expansion over the next five years, overtaking coal to become the largest source of global electricity by early 2025, according to “
Renewables 2022,” the latest edition of the International Energy Agency’s (IEA) annual report on the renewable sector.
The rapid growth is attributed by the IEA to governments rapidly lining up the adoption of renewables in response to the global energy crisis. The Russian invasion of Ukraine resulted in Europe working to quickly replace Russian gas with alternatives.
Europe’s renewable power capacity added from 2022 to 2027 is forecast to be twice as high as in the previous five-year period.
The IEA
Renewables 2022 report starts:
The first truly global energy crisis, triggered by Russia’s invasion of Ukraine, has sparked unprecedented momentum for renewables. Fossil fuel supply disruptions have underlined the energy security benefits of domestically generated renewable electricity, leading many countries to strengthen policies supporting renewables. Meanwhile, higher fossil fuel prices worldwide have improved the competitiveness of solar PV and wind generation against other fuels.
In the end energy use wise. The developed world, China (which can only be called "developing" due to the vast inequality between coastal and inland regions where many millions are still very poor) and India, are most of the picture. China and India have previously started to eagerly pump affordable renewable power and transportation electrification as quickly as possible for economic leverage (also in the article), but now the developed world is all aboard. The landscape couldn't be more different from a mere 10 years ago when EVs still looked like it would take forever to catch on and India was still dead set on using its abundant coal deposits (now more expensive to extract and use than to just use renewables).
Things were already starting to look bleak for fossil fuels, but Russia is now inadvertently (nearly 180 degrees from intent) killing the fossil fuel industry for everybody.
No complaints here of course. An own goal couldn't have happened to a more deserving PoS country. This same guy will still cry and s**t bricks for years once it becomes clear just how badly Putin has F'd up. Blaming everybody else of course. He'll be calling Europe and US, and even India and China desire to shake of dependency on
fossil fuels "'absurd' and 'frenzied'" in the not too distant future. The EU was comfortably depending on Russian gas before this. Making some moves, saying the words, but generally very happy to get cheap, cheap gas from Russia instead of having to actually do anything at a significant pace. Many of the EU's politicians and tycoons were all aboard. Getting nearly as rich from it as Russia's oligarchs.
Not anymore. Those days are bye-bye. Forever.
Now is not the time for Russia to be spending money like there's no tomorrow. Every Ruble saved will help make the post-fossil fuel era bearable for Russia.
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