The escalation in the Middle East is a stark reminder of the EU’s fossil reliance.
New analysis from @ember-energy.org finds rising fossil prices are driving up import costs, +€2.5bn in just 10 days, with potential knock-on effects on power prices.
Countries less reliant on gas are more insulated.
@ember-energy.orgNEW | EU gas-fired power costs have increased by MORE THAN 50% due to the price spikes driven by the recent conflict in the Middle East 📈
This knock-on effect from global geopolitical tensions is a painful reminder of the EU's fossil reliance.
ember-energy.org/lat...
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