Concerns related to energy security have been thrown into sharp relief by Russia’s invasion of Ukraine.
The deal, Kwarteng argued, did not mean"we're turning our back on renewables, on exciting new technologies such as hydrogen. But it does mean that we will get security of supply in a world where we will rely on gas for many years to come."
Kwarteng's statement about being reliant on gas for the foreseeable future points to the huge task major economies face when attempting to move away from an energy mix dominated by fossil fuels to one where renewables are in the majority.of a plan to ramp up the EU's renewable energy capacity and reduce its reliance on Russian fossil fuels.
It simultaneously acknowledged that existing coal facilities may have to be used for"longer than initially expected." The situation is a challenging one. Russia was the biggest supplier of both petroleum oils and natural gas to the EU last year,And when it comes to finding common ground between the EU's 27 members — the U.K. left the EU in 2020 — on what to do about Russian gas, there appear to be no simple solutions.
Just last week, Hungarian Foreign Minister Peter Szijjarto ruled out the prospect of a Russian gas ban in the European Union's next package of sanctions,
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