energy

In times of galloping inflation, the Polish government creates another inflation impulse - the \"Coal allowance\", the payment of which is expected to cost as much as PLN 11.5 billion.

Today, we hear everywhere about the importance of the SDGs. Multinational companies, NGOs and politicians are talking about how they would implement the UN\'s goals. But what is the European Parliament doing about it?

The war in Ukraine put many Eastern European countries, among them Hungary, in the hot seat. With the Western world providing strong financial and military support for Ukraine and emphasizing the unlawfulness of the invasion, the allies of Russia must reassess their relationship with Moscow.

The growing energy costs play an important role for the increase of the overall consumer price indices during the last couple months and threatens a maintenance of high inflation rates during the entire 2022.

The war in Ukraine disrupted the illusory peace in Europe. Illusory, because Russia has always been a looming threat to the integrity of the continent, albeit in a less tangible way than a full-on war.

Polish administration announced plans to end the import of Russian coal within two months and of Russian oil by the end of this year. The government approved legislation to introduce a ban which may contravene EU trade rules.

The economy has not yet recovered from the corona-crisis and is already threatened by another serious danger: green-flation. Based on the sound similarity of two words, inflation-greenflation, this new English phrase has only recently emerged.

As urbanization is continuing in a rapid speed it will also drive the further demand for energy resources. World energy consumption is expected to increase 39% by 2050. Knowing all that and thinking about our energy sector, what could be three suggestions to make?

Do you know how to do it? You know, a corpulent guy, that politician or whomever, demonstrated it on TV. Just turn the tap on. No, don’t worry, they promised us they are reducing the water price. They even took over that company that billed us.

In a situation where 77% of Estonia\'s greenhouse gas emissions comes from power generation and burning of fuels, while we can make changes elsewhere, the big picture will not change unless we solve the energy question.