Fossil fuels have been responsible for the largest inflationary shocks in Europe since World War II: the oil crisis in the 1970s and the energy crisis that has now been unleashed by Russia’s brutal invasion of Ukraine. Europe’s vulnerability to the current energy crisis has been the result of a longer-running pattern of holding back on clean energy ambition and a false sense of security that gas would provide a bridge fuel. A good example of this is Germany, which … read more »
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