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.
PM Orbán has already met the Russian head of state seven times since the Ukrainian crisis began. The more Orbán foments the conflict with the EU, the greater the chance for Russia under Vladimir Putin to influence the diplomatic balance within the EU in his favor.
For the upcoming Mayor’s election in the Hungarian capital, two out of four candidates have made the green, liveable city the centerpiece of their campaign. The election on October 13, 2019, will therefore show, among others, how well this topic can move voters in Budapest.
TEP required member states to liberalize the power markets while RED set incentives to pick-up champions. The call for opinion on the ETD intends, presumably, to boost EU common market, while the RED and other policies are fragmenting it.
