Energy crisis: Will a green transition throw the global economy into recession? | Business Beyond

Energy prices have surged this year as countries and households confront shortages of oil, gas and coal. In this episode of Business Beyond we look at some of the major factors behind the energy crunch, from the role of green policies to Russian gas maneuvering to China. Who is to blame? And how will the crisis impact plans to give up fossil fuels?
0:00 Intro
1:35 Pandemic demand bounceback
2:52 Green ambitions
4:22 China coal crisis
5:16 China's gas switch
7:18 Russian gas maneuvering
8:57 Nord Stream 2
10:28 Future of fossil fuel producers
12:17 Renewables to blame?
14:07 Fossil fuel redux
15:15 Outlook
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#EnergyCrisis #GreenTransition #FossilFuels

[@grrttr]

Germany a climate leader..? Didn't they just replace part of their nuclear energy with coal power...

[@gluteusmaximus1657]

They asked: "Who wants a nuclear plant in the neighbourhood?". "Do you want new powerlines in your neighbourhood?" "Windmills?"Solar panels?" Crickets, crickets and crickets! Millions of crickets.

[@Masterrunescapeer]

No, they've had one coal plant from a decade ago go online, rest has been closing down and all of them have closing dates over the next decade. All of it is being replaced by renewable. You need to look at how much power Germany produces, it's a lot, even switching off all their nuclear, they could easily cover all demand without installing new coal. That coal plant was mostly coal lobbying and was seen as a bad move by citizens.

[@jansix4287]

No, we have replaced nuclear with less energy exports to other countries.

[@grrttr]

@@jansix4287 I can see that natural gas usage in Germany has gone up by a lot in recent years. Probably to replace some of that lost energy, rest with renewables

[@jorgenblomqvist2654]

@@jansix4287 ok so you switched off nuclear and somewhere else a coal power plant started up. Good job. 🙄

[@k0ppit]

You can't leave out Nuclear power from the energy crisis. Shutting down the only stable co2 free energy production is an obvious issue.

[@zackgravity7284]

Yes Exactly, Germany are fuels for shutting down their nuclear plants, literally raising their reliance on fossil fuels...

[@psalm2764]

"New-clear" power is chemtrails from the ground.

[@LeReVaQ]

Are your willing to pay for the electricity from it that's 5x more expensive than solar/wind?

[@piotrd.4850]

@@LeReVaQ Of course. You know why? Because I take into consideration reliability / availability and capacity factor. And don't need gas / pellet plants for backup and ridiculous batteries and is basically impervious against political pressure and provides jobs usually IN PLACE. Also, the point isn't to have cheap energy - it is to have CARBON FREE, RELIABLE and ABDUNDANT energy supply. That is, if your figure was even right to begin with.

[@jamesmortensen6819]

@@LeReVaQ nice lie…its only more expensive because of government subsidies and penalties. Its an unnatural price difference.

[@Robertgriffinne]

I'm 58 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, we are finding it impossible to replace it. We can get by, but cant seem to get ahead. My condolences to anyone retiring in this crisis, 40years nonstop just for a crooked system to take all you worked for,

[@Natalieneptune469]

I feel your pain, as a fellow retiree I’d suggest you look into passive index fund investing and learn some more. For me,I had my share of ups and downs when I first started looking for a consistent passive income so I hired an investment advisor for aid, and following her advice, I poured $130k in value stocks and digital assets,Up 200k so far and pretty sure I'm ready for whatever comes.

[@Patriciacraig599]

I think it's especially difficult for retirees and near retirees, I know to focus on the long term but the anxiety when you're supposed to be retiring in 3years is super exhausting, I've been looking into hiring a market expert as well

[@Robertgriffinne]

@@Natalieneptune469 I've been in the red for the past couple months, lost 12k last week alone, Indubitably I've got good companies but profit is still stalling, how did you go around finding an investment-advisor, I wouldn't mind looking yours up.

[@Natalieneptune469]

@@Robertgriffinne My advisor is Nicole Ann Sabin; found her on Bloomberg where she was featured and reached out to her afterwards. You can look her up online if you care for supervision, just search her name.

[@marianparker7502]

@@Natalieneptune469 sure advisors are outperforming the market and raising good returns but some are charging fees over fees....seeing that their services are in high demand more than ever....Seems more like extortion to me.

[@keremgr1762]

Maybe this shortage will help people finally realize some things. I live in Turkey. With the decline of our currency and this energy shortage, the price of electricity got a hike of 125% in local currency. Many people are starting to struggle with using energy since they are concerned with the price being above their capacity. With the government failing to cut a deal with gas suppliers many businesses were closed temporarily as the government requested a 40% gas use reduction. There are so many things wrong with this world.

[@markrcca5329]

That's strange, there are plenty of fuel-producing countries right near you!

[@redwhite_040]

Your inflation is because investors don;t trust the policy of your leader.

[@greendsnow]

the price hikes in turkey are a result of poor governmental decisions. your government is using the same tactics the socialist governments in latin america use against their own people. the worst is you guys will keep voting for them because you'll become so impoverished and dependent upon the social aids, there'll be no alternative to survive otherwise. equality in misery.

[@Sindruzzzz]

In Norway electricity prices has got a hike of 1000%...

[@tatertot9707]

@@Sindruzzzz whaaaaaat

[@Elongated_Muskrat]

Politicians make great fuel and are a renewable resource.

[@shinwang2469]

Spot on!

[@JoaoSilva22222]

BUUUUURN THEM ANYWAY!!! Monty Python

[@just_a_stupid_common_man]

One liner of the century....,😂😂😂

[@kurwacozajebanynick]

You made my day :D

[@raidantarctica7551]

Speech of the YEAR!

[@stevendownes9061]

Lol sudden arrival of winter have we not been getting winter every year around the same time or is this not what you call the seasons

[@ebbeb9827]

last years winter was colder for many top gas consumers meaning their reserves are lower this year. This means demand is higher now to fill those reserves and prices go up

[@Lily-cv1ds]

I call it seasons changes it's been like that from the beginning of time and it will continue humans aren't in control of universe.

[@vdjKryptosRock]

Not Winter, but small ‘w’ winter. Lol

[@RussCR5187]

@@Lily-cv1ds I think the main point is that the weather, including the onset and severity of the seasons, is becoming less and less predictable as the climate patterns we have depended upon for about 11,000 years break down.

[@MrReedling]

Its extra cold this year around. I live in sweden and can confirm that the temperatures we have seen the past few days usually only occur around 3 days each year yet its just in the beginning of december and its still This cold

[@kevintaal4616]

'The sudden arrival of wintery weather could spell disaster' - We have gone mad. The sudden arrival of wintery weather, in December? You've got to be kidding me. If that is surprising us then clearly we've lost touch with reality.

[@okman9684]

Germany starts manufacturing solar panels Dw: why its time to switch to renewables 😉 Germany starts to shut down neuclear plants Dw: how can transition to renewables can create power crisis 😏

[@deathgun3110]

You forgot the step where the solar panel manufacturers were sold to China.

[@deathgun3110]

@al rode Germany is already doing it and new breakthroughs in Perowskite cells and better regulations for renewables are accelerating it.

[@leoprg5330]

@@deathgun3110 So what, anything that helps make China more green helps the whole world.. It's import of australia's coal to China that's making more harm.

[@enemyofthestatewearein7945]

@@leoprg5330 Agree, unless China can get their bit sorted everything else will be a waste of time. They need all the help they can get!

[@3800TURBO]

How come Germany blocking small arms to Ukraine? Because Germany so dependent on Russian gas pipe line they are scared to step on Russia's toes. Imagine Russia turns off the taps... Germany talks big about green but still heavily reliant on gas. That's not going to change for a very long time.

[@tiffanylaserna1288]

We MUST include nuclear energy as part of the green transition. Without nuclear, we're going to face recurrent energy shortages. It will damage our economies and undermine public opinion about the green transition.

[@unicornberry]

Please watch Into Eternity, a documentary about deep geological repositories for nuclear waste, which addresses the problem of how we'll leave messages on these nuclear waste sites that humans living 100 thousand years from now will be able to understand, in order to stay away from them. Nuclear waste will stay on earth forever. All of our actions show that humanity cannot deal with an energy form that hides some many dangers, as mistakes will always be made. Instead of taking the easy way out and finding short term solutions like nuclear energy, we need to restructure our economic systems and change our way of life.

[@eljefemaximo5420]

@@unicornberry nuclear energy is not the easy way out. It's the most efficient form of energy on the planet.

[@IanCocking]

@@unicornberry and if "the waste" was fully reprocessed then the waste would only need to be isolated for 300 years. So coming up with fancy messages for future humans would be futile as 300 years is not worth losing any sleep over. Abundant energy is needed for thriving economies and Nuclear waste has huge potential in meeting those needs

[@nunofoo8620]

Some people just can't conceive a society that doesn't explore non-renewable resources. "No fossil fuels? Then give me nuclear, i have to screw future generations one way or another."

[@Masterrunescapeer]

1. Nuclear takes ~15 years to build (2010's stats), by the time it's done, any other alternative will have completed. 2. It is the most expensive source of power 3. Things like Eternity assume a perfect world where perfect storage exists, where no war will ever happen, and everyone will remember where all those nuclear deposits are 4. Nuclear is the safest source of power on earth until it isn't, Chernobyl, Three Mile Island, Fukushima, etc., are insanely huge fall-outs, the risk is just too extreme. The "Facts" in this video miss the fact that renewable is the cheapest source of power, and even with battery storage, recent studies (as in 2021) put it at or below coal in cost per MWh. Now that LiFO batteries are going to end patent next year, battery storage will drop in price substantially, we're going to see a smart grid where people add their cars to the grid and just charge them when there is a surplus, and use the power during their peak load times.

[@themoon4040]

Omg, The so called "energy expert" doesn't seem to understand the main issue here. Energy self-suffieciency is not about fossil fuel vs renewables, but the amount of energy the EU can consume vs. produce on its own. Even if the EU goes fully renewables, it will still never be self-sufficient if people consume more energy than generated. - there is a limit to the latter.

[@onlymediumsteak9005]

Europe has a pretty high potential for renewables on its own and if that is not enough, there is still the nuclear option.

[@JustBadly]

Yes, Europe is not looking at a reduction of energy consumption, only redistribution. That is the nonsense of green policy, freedom to use anything so long as you can afford it.

[@Ricardo-lb4so]

But that's the key to the investment criteria: t choose high yield renewable sources

[@Masterrunescapeer]

More than enough space etc. to power the entire continent from wind/solar, there have only been studies that make completely wrong assumptions saying that it was not possible. Note as well, battery storage will be a large part of it as well, no matter if coal/nuclear/whatever source you want, batteries are dropping insanely in price and help substantially for handling short peaks, way faster than gas peaker etc.

[@raymondtonkin6755]

Renewable no pollution really? Only if you can't keep up with demand! The grid is intermittent even without green technology and with it gets a lot worse during heightened demands. The fact china could not keep up with demand with Coal as well as everything else. Moving all the pollution to China

[@alex29443]

I think it is absolutely shameful to deliberately make energy expensive and force people to be poor.

[@Dweller415]

The elites don’t care.

[@Hilariusgamer]

elites have money for their electric cars

[@petesjk]

This is why the oil and gas cartels are a problem.

[@lawrenceralph7481]

Poor people die and don't produce CO2.

[@iansmith788]

Imagine if the full nearly 400% wholesale gas price increase had been passed on to consumers it really would have left a lot of people very cold this winter.

[@mugabe2606]

The pie chart at 3:55 is mislabeled. It shows the electricity mix rather than total energy. This leaves out all Combustion vehicles and fossil heating, making the situation look better than it is. renewables really only account for about 10% instead of the 40 shown

[@tedpaulus]

That pie chart at 3:45 should state electricity mix, this doesn’t count all of the oil Germans burn for transportation and also gas burned for heating. Plug that in to get the entire energy picture and the renewables share is significantly lower than 41%

[@haught7576]

I saw that and was flabbergasted Germany had made such massive improvements lmao, should have known not to get my hopes up

[@Masterrunescapeer]

"It depends" is the answer there since context, they meant energy production. Based on pie chart from clean energy wire it's: 33.9% Oil 26.6% Natural gas 16.8% renewable (biomass being 8.5%, wind 4.1%, solar 1.8%, waste 1.1%, hydo 0.6%) 8.1% lignite 7.6% hard coal 6% nuclear 1% others/export balacne. Again, majority of this has to do with heating homes. Going to be interesting since heat pumps are way better at heating homes, quite recent invention / only been the last two years where it's been truly viable with breakthroughs, but probably no one will swap as way too expensive to swap, Germany/Europe needs to give tax breaks to do so and banks give bank loans for it, will drop oil/gas usage substantially.

[@igrowfaster]

Yes I think that pie chart only represents electricity. So then that would leave out transportation, which is obviously overwhelmingly powered by gasoline.

[@haught7576]

@@igrowfaster don’t forget gas heating, also big in North Europe

[@sebastianwallin3726]

@@Masterrunescapeer Northern Europe gets quite cold in the winters so of course we be spending large amount of ressources on attaining heat. However what is the excuses for Southern Europe that has better conditions for solar power and less need for heating.

[@jonasw533]

"there are so many causes [...] at least 15, according to one list that an expert sent me" I like your news but I think more details about your sources are needed in such cases (1:10)

[@laius6047]

The point of these shows is to scare you. Make you feel depressed. Not to teach you or make you think about solutions. It never gives enough details on what to do, or how can it be changed. Or what the future besides BAD

[@Sundara229]

@@laius6047 The point isn't to scare you, but to spark peoples interests with sensational headlines and reporting. Our brains perception of negativity is much stronger, which is most likely the reason most news are about "bad" things.

[@excitedbox5705]

@@Sundara229 by completely misleading them. This was some of the worst reporting I have seen out of this channel. Either downright lazy or planned to push opinion towards fossil fuels.

[@janisdalders8455]

Exactly what I though… “hipster experts” haha

[@dorkanderson4963]

EU and US threatening economic sanctions against Russia and Iran and then complain about energy shortage. Blowback for idiotic foreign policy.

[@ULlisting]

Start by doubling the amount of renewable energy Europe produces. Also don't shut down the German nuclear power plants till you've solved the energy shortfalls.

[@excitedbox5705]

Exactly. In the short term Nuclear is the ONLY thing that can save humanity but lets just keep burning fossil fuels until it is literally too late. After 2030 it is literally at the point where NOTHING we do can stop it. No amount of money or man power will be enough to stop climate change if we do not stop the permafrost from melting. Just as the pandemic has exponential growth so will climate change as more and more methane is released.

[@Hilariusgamer]

thanks to Germans, we have now german prices because they take energy from our nuclear power plants

[@ULlisting]

@@Hilariusgamer Everybody (almost) hates nuclear power. However the French have mastered the economics of nukes and have successfully run them without incident for seventy years. Fortunately, the French government has committed to expanding their nuclear fleet. I hope they commit to Fourth Generation models as they have better economics and better safety safeguards. As far as German energy needs, as you noted, every time they run low on electric power, they literally call up EDF and the French obligingly crank up the nukes. It's nice to have friends like that!

[@eunanavesani6074]

@@ULlisting nuclear waste from nuclear plants costs a billion euros to get rid of for france. Obviously the nuke waste is not totally disposable of course

[@martiansoon9092]

One more for the list: Hydropower on Scandinavian mountain area is low because there was lack of rain during summer.

[@beardmonster8051]

"Even here in Germany, which has a reputation as a climate leader ..." Leader as in one of the top polluters? Then yes. Otherwise no. Germany is one of the worst countries in the European Union in that regard, unfortunately, with twice the emissions per capita compared to Sweden.

[@Masterrunescapeer]

I think they mean more in terms of building renewables. Germany is heavily investing into it (in Germany, but also funding a lot of the developing world), but transmission is not keeping up with generation. Studies put Germany way ahead of Sweden in terms of renewable energy generation by 2030 (164TWh vs 39). Currently Germany has around 130TWh of Wind capacity, Sweden produces around 160TWh in total from all sources. Germany just produces a lot of electricity and exports a lot of it, has a ton of very large machine industry (so high emissions), and a lot of older stuff/buildings etc. with a lower per capita than Sweden, so affording to upgrade everything to go green quickly is difficult. That said, the progress has been remarkable in the last few years, averaging an 8% drop in emissions per year or so, considering they don't have the nice hydro and wind that Sweden does. In terms of Germany vs EU average, they went from 12t/capita in 1990 to ~7.72t in 2020. EU 1990 is 8, dropping to 6.4 about in 2020. Looks like they're on track to be carbon neutral for 2050, I think the biggest jump will probably be around 2024, when first new transmission grids come online for better power north-south. Pretty much all the lower emissions per capita in Europe can be said to be attributed to countries with abundant nuclear and hydro capabilities, which is not a solution imho, nuclear is just too expensive/risky, and hydro you either have or you don't. Only odd one out I can think of is Italy for an established economy, but would wonder how much climate/lack of needing to heat plays into that.

[@bencatzilla]

ye those clowns are saying nuclear isn't the solution when it's the only efficient option to help slow climate change in time

[@florianvoss2885]

Its the biggest factory in EU too.

[@jackwilson5542]

Yeah and foolishly they closed their nuclear plants. (Currently greenest and most efficient form of energy production) Now they don't have enough and are raising prices for all of us.

[@Masterrunescapeer]

@@jackwilson5542 "foolishly", yet they could drop all nuclear and still have excess power to meet demand, check their power production figures, Germany is the largest power exporter in Europe (do note export/import as well since up until last year I think it was, export/import was used to bring power south).

[@dlewis8405]

New nuclear will be an important part of the energy mix in the coming years. Once the economics of SMRs get worked out you have a very predictable energy source from a cost perspective. Finance costs for construction of the plant are the primary cost. So you get 24/7 energy and pay the same amount month after month.

[@lukebandolino882]

Tell that to the "greenies". For some reason they don't like nuclear energy, perhaps because it doesn't sound "natural" enough or "renewable" enough. The greenies want only wind and solar energy.

[@mattbranum7912]

Yeah good luck with that the green terrorists will never ever allow it.

[@BruceWayne-qe7bs]

@@lukebandolino882 And they don't want a wind mill in their backyard.

[@frankyshh6827]

easy solution, give the consumer the choice, either cheap or the greenies pay 1.5 euro a KW :) problem solved

[@peredavi]

SMR s will be a stepping stone to fusion energy. That is the future of energy. It will provide enough electricity to produce hydrogen or methanol fuels.

[@Alexandros.Mograine]

Just because nuclear energy isnt renewable, doesnt mean its not green. by solving the waste problem, you solve the whole thing. I really like what Finland is doing, step in the right direction with "onkalo" nuclear waste storage facility. Tho it helps that Finland is geologically dead.

[@Schdcdd]

Everyone: Prices for electricity and heating are skyrocketing! We're gonna freeze! Me tossing wood into a stove to heat the house: Oh no! Anyway....

[@MyWissam]

Well, suppliers have an interest in delaying for a while the resumption of production, and creating an artificial shortage.

[@movietime5333]

Specially chinese suppliers

[@sherifkhalifa9710]

Precisely. So much so to stockpile on assets while they can as the video said. Rich is becoming richer for now until green infrastructure starts absorbing demand.

[@apuuvah]

Specially Russian natural gas.

[@cmdr1911]

There is a lag in oil and natural gas production as well as a lack of funding for these projects. My major client made their 2021 spending plans in 2020 and thus never anticipated prices reaching about 3 dollars an MCF. Now 2022 is looking to be a busier year but by the time they could make a real change to 2021 spending they missed the window for construction and have to wait till spring 2022.

[@Howtowithpaulaandjohn]

Yes like any company they have to make up their losses

[@Gaming4Justice]

In Estonia, on the 7th of December, electricity went up to 1000€ for MWh and most of the day stayed over the 600€ line. It's insane how much that costs considering the average pay here is 1200€ per month. Who in their right minds would buy an electric car now especially during the winter when batteries drain even faster? //Edit// The best part is that the maximum price for electricity is 3000€ per MWh

[@laius6047]

Well elect of Cars are just another millionaires illusion anyway.

[@kostam.1113]

Electric cars are luxury not the norm And it will stay that way for a long time

[@jianyang6281]

most EV cars charging in the night, in the same time, electricity power house couldnt shut down during the night, the electricity produced in the night is just wasted. to be honest, EV car is a tool to reducing the waste, so it is green.

[@jon6309]

That is crazy and I am from Hawaii! We have the most expensive electricity rates in the USA prior to this crisis. That’s insane. I always felt other countries were always better off financially in other countries or states from Hawaii.

[@Nick-bh5bk]

@@jianyang6281 It is not nearly as green as people say it is. Those car batteries are extremely CO2 intensive to manufacture, not to mention how toxic they are to dispose of. EV is oversold to the pubic as a green technology until a way of producing better batteries without using so much CO2 in their manufacturing process.

[@Pegaroo_]

3:54 I'd like to see that chart broken down more to show which renewables are contributing how much, ie showing wind, solar, hydro etc

[@94heidelberg]

And I would like to ser if that chart has the right title. I highly doubt that the chart refers to german energy but electricity...

[@landscapesandmotion]

A 100% domestic produced, renewable energy grid, utilizing, solar, wind, wave, and newer generation nuclear reactors (eventually fusion) is a national defense prerogative and should be funded as such. The USA spends trillions on military projects for defense and offense. I would suggest this is worthy of a trillion dollar investment. Create the industry and jobs. Retrain jobs from coal and oil to help transition.

[@denuncimesmo2568]

is a International defense prerrogative

[@rumble8014]

Or just get rid of the Democrats. This was al created by the Democrats. You people are totally brainwash.

[@simonescelsa]

Why bothering with wind, solar and tidal wave, which are intermittent and with a low energy density, when you can go 100% nuclear?

[@misterbenbob9715]

Green energy is a scam. There isn't enough silver, lithium or other "green inputs". There isn't even enough lithium to power 2 billion electric cars. The UN admitted that. The controlled demolition of the economy is underway. Fusion is a pipedream and a pipedream that's incredibly far off for now.

[@cp1011986]

After the last 4 economic downturns, energy usage surges. Who thought this time would be any different?

Economic problems are not that scary compared to the collapse of modern civilization.

[@efecan82]

Finally the comment i'm looking for.

[@d.strassler9080]

Post 21st century crisis feudalism lmao

[@satishkpradhan]

@Shawn Conley Fukuda are you high..... You seriously think a HVDC link is easier that resolving a diplomatic issue with Russia. They literally said the reason they dont want to approve nord stream 2 is because it denies ukrain of revenue. Revenue that it get just because of its location because it is in middle. This is the level of issues you cant solve. Do you know how long a HVDC link will take to built. Also Europe tried to make a HVDC link to Africa. Instability in africa led to abandon project or the other solution would be to use military action and enforce peace and stability (like afghanistan). Do you think this is easier that slowly making infrastructure with no disruptions to shift from fossil fuel to green power. Dont forget you still need fossil fuels for chemicals and plastic and polymers..... you have even started yet on that. Even with a snap of infinity gauntlet you convert to green power, oil producers will increase the price so that they can manage their economy on the meger oil production. Your tupperware will cost more than your solar panel.

[@bryankerr9174]

Wonderful how China banned Australian coal as a punishment, and then with the high energy prices, the Aussies had no problems finding new buyers for their coal. Haha. No worries, mate!

[@marktrinidad7650]

haha you sure mate?

[@johnzuijdveld9585]

Actually I don't think it's quite that rosy, many of our exports to China were heavily cut, and yes we have found other markets for them but not as much is being sold as it was to China, ABC.Landline said it was between 30-40% so we are now selling much less than 1/2. . . .I only hope that when the time comes soon that China decides it needs our product again that we will have exhausted our supply capacity and we won't have any for them at all cause we've already sold it all to other more friendly nations! . . . OR let them pay through the nose for it . . . F the Qin!

[@spider6660]

Also China don't have problems in finding new sellers also. They're shutting down their coal powerplants heavily for their green initiative.

[@tomnguyen9931]

Yea. Taking shooting themself in the FOOTS!!!

[@medialcanthus9681]

@@johnzuijdveld9585 China will buy from Russia.

[@mattheweburns]

Oh yeah, and another thing that is great here in the United States are that many of our power utility companies will not allow you to sell power back to the grid from your solar set up. They can actually condemn your home for not being connected and paying your monthly base payment even if you do not use electricity at all from their sources. This kind of backwards legislation is ingrained in the policies of almost every state I know of and are major roadblocks to people utilizing solar realistically

[@johnzuijdveld9585]

This is the result of living in a very capitalistic society where even the Democrats who are not very left wing compared to most are too scarred to enact laws to curtail the powers or profitability of the big corporations. You literally are living in a country owned and governed by those corporations. The other side the Republicans ARE the corporation's' stooges who only exist to pander to the mega rich. Sure most western countries do follow a somewhat capitalist agenda called 'market economics' but this is not like your system where corporations are allowed such powers w/out much regulation. The Republicans do NOT work for the ppl. they service the rich and more so the biggest multinational corporations on which your electoral system depends for most of the funding on all sides.

[@Astuar]

That chart at 3:50 is misleading, if I'm correct. I think it represents energy sources for power production. Not all of energy sources that are used. Heating, transportation and others everyday more often than not are using fossil fuels and also produce green house gases. So in overall energy consumption renewables will look more like 20%. And including future demand growth we still need to increase reenables energy production ten folds!

[@amiqars]

Yes, that was the electricity mix...sad that they couldnt even figure this out

[@benjaminzanger2354]

@DW News Your chart in minute 3:50 is wrong, this is not Germany's energy mix but its energy sources for power production. Could you please change that?

[@Delosian]

DW has chosen not to mention nuclear power: Germany has been closing nuclear plants, which means that they've had to use more fossil fuels for when the snow coats the solar panels and ice stops the wind turbines from working. At one stage nuclear power made up 27% of all electricity generation, but by the end of this year (2022) they won't have any nuclear powerplants.

[@josephchaneyiii]

I am glad that a news outlet actually acknowledged that while we need to transition to renewable energies we can not just flip a switch and be there as that infrastructure currently does not exist

[@user-bl4oq7fd8d]

The problem we currently have comes from fossil fuels though... If anything this raise in prices will only increase the speed of the implementation of renewables. I would even argue it's a optimal scenario for the transition to renewables ;)

[@adeebihabibi]

@@user-bl4oq7fd8d not really

[@user-bl4oq7fd8d]

@@adeebihabibi why not? It's the fossil fuels that get expensive and not renewables.

[@josephchaneyiii]

@@user-bl4oq7fd8d I am not sure I see it that way. The way I see it is just as is playing out now that the governments are scrambling to meet the demand and using or begging for fossil fuels to do it. I see many obstacles in the way of a full transition all of which are not just electricity based such as coal or oil for heating homes, large scale viable options for plastics replacements for our consumer driven economies, etc. Fossil fuels won't and can't just disappear overnight without some major setbacks and suffering

[@alexandervlaescu9901]

@@user-bl4oq7fd8d The truth is the renewables need a 1:1 ratio to backup power. That backup power comes in the form of either natural gas or coal. So the more solar/wind you build the more fossil fuels you need.

[@ArnoSnyman007]

Have you seen the energy disaster in South Africa lately. They always increase the price of electricity between 15 - 20 percent per year, but they country has an energy crisis where there are contact planned blackouts because the country can't produce enough power.

[@pyrat3538]

at least they dont freeze

[@ArnoSnyman007]

@@pyrat3538 it does get cold. It just doesn't snow.

[@SK-lt1so]

"We are a little bit unlucky"?! Yeah, cold weather in winter in northern Europe! Darn, bad luck!

[@eunanavesani6074]

Cold here in italy too

[@jamesg2382]

My take away is this. You might want to get a blue jacket that fits. That will keep you a bit warmer for the winter.

[@SCfan84]

You've build renewables to 1.2x grid capacity but you still critically require gas to back up renewables. You buy less but as long as you need it they can raise their price and you still need to buy

[@alex29443]

Yep - the problem with renewables is that energy storage is expensive.

[@mosespowell-eckstein5171]

You conveniently ignored the elephant in the room--the increasing dependency on intermittent renewables and its impact on energy security. You could have 1 Trillion TerraWatts of installed wind capacity, but if the wind isn't blowing you still won't have power. And when that happens, I hope you are ready to pay sky-high prices for whatever energy you can find. Furthermore, while there is a considerable amount of potential wind energy that does not mean you will be able to harvest it, store it, or transport it to where it is needed. These fundamental energy problems must be solved before scaling this "green" energy.

[@dasbubba841]

Basically. I have no idea how no one mentions this. Everyone loves solar and wind.... until it's night time and the wind isn't blowing.

[@malcolmrose3361]

So build interconnectors between regions. Yes, it's a big investment but quite possible to do.

[@colder5465]

What's interesting: Russia sells more gas to Europe - that's dependence on Russia! Bad! Russia sells less gas to Europe - that's Russia's intention to higher up prices (nobody in DW cares to remember that Russia fulfils all its contractual obligations and the problem is in supplying gas _beyond_ the contracts. And it's exactly Europe who explicitly refused to amend the contracts citing the need to diminish its dependence on Russia and to boost search for other suppliers. And where are these other suppliers now?). But in any case Russia is to blame. Bingo!

[@Friendly_Cat]

@al rode Mate, if you sell goods, do you want for another party to take your profits? Why would Russia pay high transaction fee to Ukraine and Poland, when they can make more money through NS2? If you dont see something wrong with that, you can paypal me 3% tax every time you get paid. At least turn your brain on, before you go woke.

[@simonescelsa]

The math is simple: Europe had 6 weeks in 2021 of close to no renewable power generation. This implies that, to go to 70, 80 or even 100% energy from renewable sources, the continent would need 6 weeks of energy storage, most likely from batteries, considering that 1 day of energy storage would require the amount of batteries produced by 1000 Tesla gigafactories in one year.

[@lct9031]

You close 1 coal mine down for the sake of going green.... you open up another silver, aluminum, cobalt mine for the sake of staying green

[@AQuietNight]

Imagine how bad things would be if we didn't have the experts to help us out.

[@wp4297]

♥️

[@akttonsemhh3849]

i hope you are joking

[@venciborisov5156]

Simple fact: nuclear power plant waste is around 60m3 per year. Think about the solar panels waste and how to dispose it. Panels must be displaced actually every 10 years. How much will be the waste per Mwatts? Politicians and green extremists have lost their mind. Ask engineers for energy solutions, not grasshoppers.

[@homo-sapiens-dubium]

Just a small but interesting info: Natural gas, even though fossil & emitting CO2 releases significantly less co2 per energy than e.g. coal, since it consists to a large part of hydrogen being burned, not just carbon.

[@heronimousbrapson863]

The problem is, natural gas is mostly methane, an even more powerful greenhouse gas than CO2. Inevitably, there's a sizable amount of methane leakage into the atmosphere before it can be consumed.

[@homo-sapiens-dubium]

@@heronimousbrapson863 also true, would be interesting to see to what degree this advantage gets destroyed by leakage (if there are good estimates for this at all)

[@mrfr87]

As a chemistry teacher you are half right but you explanation why is wrong. But the point still stand Natural gas emits less CO2 than Coal for the same Joules per gram.

[@quinlanal-aziz6155]

@@mrfr87 global warming isn’t real we should return to coal

[@fredrikgustavsson5806]

While emitting half that of coal, gas still emits way more CO2 than what the climate can handle, by a factor of 10, a full 50 times more than nuclear. Investing mote in gas puts us well on the way to a +3 degree world

[@BakoSooner]

Moving to a form of energy that depends on wind and sun seems silly. The global economy depends on reliable and stable energy supply. This is pushed by 'feel good' politics rather than rational and logical energy policy. Pushing out fossil fuel is the right plan, but we need to transition to another form of energy that is stable and reliable. That leaves nuclear. But, that doesn't fit the political narrative. This will be very interesting to see within next 50 years as more people are moving to EV which will be plugging in right about the time sun goes down.

[@vojvoda-draza]

Yes, meanwhile China is pumping out coal more than ever, and they simply don't care.

[@rolandthethompsongunner64]

Obviously green energy will never totally replace consistent reliable energy sources. But it could certainly supplement it.

[@StopBugging99]

But nuclear power creates nuclear waste, which will stay dangerous for thousands of years and for which we don't have any reliable storage solutions that will last long enough. With batteries and green hydrogen providing a stable energy supply is possible with today's technology without being reliant on miracle solutions in the future.

[@BakoSooner]

@@rolandthethompsongunner64 Absolutely. We need a transition strategy that does not vilify or exclude hydrocarbon energy. Until we develop battery technology that can provide energy for days (maybe even longer), relying on solar and wind will not be good.

[@BakoSooner]

@@StopBugging99 All energy forms have their cost. Solar and Wind are not exception to this (mining of rare earth metals to disposal of toxic waste). Nuclear has the highest human safety factor of all energy form. Modern nuclear energy technology is safer. There are viable solutions to nuclear waste. However, nuclear just isn't popular as people still think of few isolated incidents (3 mile, chernobyl, fukushima).

[@diegomarin1908]

The fact that no degrowth researchers were consulted in this is upsetting. Reduce economic growth, you reduce energy consumption. Shift supplies to whats really needed not to feed continuous economic expansion from non crucial sectors.

[@kajetus0688]

Nuclear power is currently the best pros: -Generating a lot of energy in small area -no emmisions -safest form of energy cons: -expensive af -nuclear waste (it can be dug really deep underground)

[@natalia499]

Yeah, nuclear is a way to go. The only way. In the future if we actually are able to harness the energy from fusion, we'll have a truly free and clean energy source, but for now whe have to make do with what we have. Energy from renewables is too dependend on weather conditions.

[@mryellow6918]

nuclear waste is barely an issue like modern plants can practically use up all of the uranium

[@kajetus0688]

@@mryellow6918 True

[@markszczepanski5293]

How come gas and electric bills never go down in price when the price goes down for gas

[@y7r6iyt7ri]

I live in Japan, but my electricity and gas bills are soaring. The salary has not risen. If the price increase doesn't stop, will we have to get lighting and heating in the match in the future in the future? Personally, I think it would be better to reduce the dependence on renewable energy and make multiple power sources coexist. Ammonia combustion power generation is still in the testing stage, but I personally support it.

[@aleong.9566]

I love how in all these stories, if its Russia its all about intrigues, geopolitical reasons etc. If its about OPEC than they have every right to do whatever is needed to diversify its economy and make money. Pure disgrace these reports.

[@maximturcan1722]

-- Doc, I have an erectile dysfunction. -- It's Putin's fault.

[@dantheman3022]

@@maximturcan1722 yeah putin gives the americans a hardon !!!

[@Friendly_Cat]

I love how they painting NS2 as being negative for Europe as it will be more dependent on Russian gas. Yes, one could say EU will import more gas as a consequence of NS2, but only because it will be cheaper as it has smaller transaction fee (bypassing Poland and Ukraine) , which again makes it cheaper. USA blocks the pipeline because that means less freights with expensive LNG shipments to EU from US. Russia has fulfilled all gas contracts, and buyers are using inventories and much cheaper contracted volumes, while hoping that inventories last until prices fall or winter is over before they buy more. But its RusSiaN fauLth. PuTin bAd. While they close down nuclear plants amid power crisis.

[@thastayapongsak4422]

Choose what you want: A long term disaster, or a short term disaster.

[@straybits7375]

You'll likely get both. Current approach is like believing removing the last straw that broke the camel's back will fix the camel's back. It will not. You'll feel the pain of removing process and then broken back.

[@anthonymorris5084]

Energy is everything. It is the fundamental cost of every good and service we purchase. You raise the price of energy and you raise the price of everything.

[@igorurbanek8217]

That why carbon tax was created , tax everybody.

[@voltrevolt8731]

$6 trillion a year is spent worldwide on fossil fuel subsidies. If those funds were invested in renewables we wouldn't have much talk about.

[@joshscott5213]

Here's a solution to the energy crisis Nuclear energy

[@miroslavmilan]

Yeah, let’s build a few more nuclear plants before the winter starts.

[@hibach3]

I agree. With new technology like SMR we should invest in those

[@gabrielserrano5054]

I wish but no they want an electric monopoly not a solution.

[@claudiaperea]

Business as usual

[@CatsInHats-S.CrouchingTiger]

Many of the power plants have reached their age and become unsafe. They don’t last forever and cost a lot to build.

[@rext8949]

Really a pipe dream to think that fossil fuel is going to be buried anytime in the near future. Renewable energy is a wonderful concept but it is not a practicable one until it achieves a critical mass which is still a long way off. Many of the top consumers of fossil fuels are committed to their usage for many decades to come. The surging prices of conventional fuel are a reminder that demand for energy is increasing at a rate which supply is unable to be keep up with.

[@Luca-cs8fy]

I know it's more complicated than i'm saying but if governments stop subsidizing gas and oil industry and let the free market play, we'll be out of the inevitable crisis faster, much faster

[@tomassey123]

Pipe dream lol nice

[@Tobi-kr1yp]

We've had over 20yrs to start making these changes but it's not profitable so nobody cares. Look how fast a lot of things have evolved like cars, computers, etc.

[@Luca-cs8fy]

@@Tobi-kr1yp solar, wind and nuclear are far more profitable than fossil fuels, and they get billions in subsidies, we just have to stop giving money to companies that r bringing us to a slow painful death

[@anthonymorris5084]

@@Luca-cs8fy Fossil fuels are often subsidized because governments generate royalties from their development. These royalties pay for social programs. To constantly demonize fossil fuel companies is not objective. They have created incalculable benefits for humanity. Prior to their discovery, average life expectancy was 35. Most people suffered from malnutrition, starved to death and died from numerous preventable disease.

[@mrvwbug4423]

No, quite the opposite. If a green transition is implemented properly it will remove the geopolitical volatility of fossil fuels and likely reduce recessions in the long term. However it has to be done correctly, meaning the renewable capacity has to be in place before fossil fuel phase out, nuclear and hydroelectric need to be on the table, and there needs to be a bigger reserve buffer of generation capacity to handle sudden changes in demand, that is even a problem with fossil fuels, too little reserve capacity to handle demand spikes like we got recently.

[@PuddingXXL]

I know this is a serious subject but I can't stop loving the backround track.

[@user-uj6sc7ls9y]

In the Canadian province of Ontario, the present Premier has a lot of friends in Oil and Gas. When he became Premier in 2018, one of the first things he did was cancel planned renewable energy projects, rip out some existing renewable energy projects, and destroy existing charging infrastructure for electric vehicles. The country continues to subsidize the fossil fuel industry while refusing to invest in renewable energy. Oil and gas production has been a large revenue source for a long time (although when one counts the government subsidies to oil and gas, the profit numbers dwindle dramatically). It's not so much that we have moved away from oil and gas before renewable energy sources were there to replace them; it's that the move not only doesn't have the political will to back it, but is being fought against tooth and nail.

[@sbuhnt]

At the centre of any energy policy there must be energy security. Most of us care about energy security and affordability not about whether is renewable or fossil fuels.

[@gamingtonight1526]

We would have had the security if we had dealt with the climate crisis 30 years ago!

[@billbillerton6122]

@@gamingtonight1526 Yeah yeah, we're all gonna die yadda yadda. This energy crisis has deliberately been brought on by the implementation "green policies". This is about control, nothing more.

[@kritimandal2285]

Nepal was facing 22 hr load shedding six year ago. But now we can supply other electricity and we also have largest uranium stored in mountain.

[@daveofyorkshire301]

For over 50 years oil has been the cornerstone of energy and a strong economy, that's changing as supply and demand changes. Moving away from oil destabilises those governments and countries reliant on it. The last two decades have demonstrated what's to come and some countries like Venezuela just won't survive unscathed. Countries with money, power and stability will find things very difficult when their sole asset is devalued due to other producers pumping vast quantities to support themselves further damaging oil prices... Then the conflict/wars start...

[@Bvic3]

"Germany has a reputation of climate leader" hahahahaha. Germany has a reputation for coal and wasting money buying useless Chinese solar panels and wind turbines whil building Russian pipelines to get actual energy.

[@florisr9]

Even worse: Germany has a reputation of shutting down nuclear power plants for no good reason other than climate activists.

[@likeAG6likeAG6]

@@florisr9 True

[@audreyswinston344]

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[@georgechristopher2907]

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[@Ed-ug3te]

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[@suzanne7285]

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[@georgechristopher2907]

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[@nategudjohnsen1016]

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[@myname686]

Energy crisis began with introduction of wind power which intrinsically depend on gas (paradox...).

[@raymondtonkin6755]

You need an truly huge energy buffer to stabilize an existing grid from all the intermittent loads EV's etc and intermittent green power supplies 😀

[@EbichuTube]

No mention of carbon taxes and their impact to end consumers' energy prices.

[@nicktrevi2990]

Thank you Junker Commission for pushing gas market into spot paradigm 🍀 and uncharted territory

[@RTDice11]

15:00 that's the hard truth. Higher fuel prices would push people to invest in electric heating, clean vehicles, and public transit, but if the government suppresses prices there's no reason to leave the status quo. Would be nice to see more federal help for induction stoves and home solar instead of more oil subsidies.

[@miljanmaletic1000]

Yeah but electricity is up as well right now, and I don't see a green system that will work with the technology we have now (excluding nuclear which is the most expensive, but is stable). Transition just takes time and many countries are getting burned because of lack of planning around covid and rising demand, as well as being too hasty with transitioning and shutting down fosil power. My point being that patience may be enough for the time being

[@RTDice11]

@@miljanmaletic1000 I understand that the pressure on pocketbooks sucks, my own power bills has been going up month on month. But imo, saving money on utilities isn't worth thousands dying in otherwise avoidable climate catastrophes. Patience might've worked a decade ago, but at this point there's no time to lose. Whether it's nuclear or renewable, the transition can't slow.

[@heyfriend8519]

@@RTDice11 Higher gass prices already mean that thousands will die. Elderly folk with small pensions who can no longer afford gass prices will turn off/lower the heating in their house. This makes them more vulnerable to infectious diseases as their bodies have to spend more energy on staying warm in the winter. Energy poverty and the resulting inflation will not be a direct killer just yet, but it will help shorten quite a few peoples life span.

[@Numaaaaaa1]

Guess who will pay for high prices its not gone be governments but consumers themselves

[@enemyofthestatewearein7945]

So we need to detach the electricity price from the price of gas, which isn't going to happen if we back up intermittent renewables with gas turbines!

[@s1nb4d59]

Well presented and pointed out how we,even though we are the cause,can also be the remedy for a better future.

[@DavideCerriGA]

Once we get 100 a barrel, then we will see a repeat of the 2008 recession. Things will pop few months after the 100$ line is passed.

[@ingoh.2539]

The tighter OPECs grip gets the faster the transition to renewables.

[@Glorious_Kim_Jong_Un]

America creates its own enemies, now its OPEC.

[@gothenmosph5151]

@@Glorious_Kim_Jong_Un OPEC has been everyone's enemy for about 50 years now. That includes the West, all non-OPEC oil and gas producers and anyone who regularly consumes oil or gas outside of an OPEC nation. They routinely manipulate the market to screw over non-OPEC producers (including deliberate attacks at nations like Russia and Argentina) which in turn screws over consumers worldwide.

[@stefcas]

I like DW. I have become a huge fan. But here in the first minutes, some statements are not accurate, disturbing. "Looming energy shortage is due to climate change" is not right. The fact the energy demand doubles every x number of years is the real culprit (next doubling is near impossible; x = 10 years?). Another one is: we get our energy from bad sources so we have to change and we have been postponing this change for far too long. Now we lack the proper time to do it in the 'easy' way. We did choose the hard way. So. Don't blame the climate. We did it to ourselves. Be honest about that.

[@grahamt5924]

Don't worry too much. There is a saying the "nothing kills high prices quicker than high prices".

[@hhydar883]

Transition from fossil fuels to renewables will take decades not just few years. Some policy makers are trying to rush into it even though the efficiency of such systems is not very viable currently and needs more research and advancement. I think world will remain largely dependent on fossil fuels throughout this century.

[@DevarshRBhatt]

Not just efficiency, even reliability is questionable.

[@paulschmidts5429]

There is a lot that could be done to reduce fossil fuel dependency already. Switching to heat pumps and electric cars which require a third to a quarter of the electricity that is used in fossil fuels and burning the gas/oil in a Combined Cycle Gas powerplants with 60% efficiency would reduce consumption in these two sectors by 50%. Since Gas powerplants are very flexibel, a further 80% of this electricity demand could be covered by wind and solar at only 1,25 overbuild. From that point on the remaining 20% can be covered at later stages with additional wind and solar electricity and hydrogen. With 40 $/MWh for new build wind and solar grid parity is pretty much reached. So a large part of technology can already be implemented, helping to keep fossil fuel prices low through reduced demand.

[@markplain2555]

Ye know, Germany figured out an amazing model for financing and building wind turbines at a fast pace. This model saw the various communities and towns literally make money from the energy produced by the turbine in their community (hence it got local acceptance). Then all of a sudden the German federal governemnt did an about turn on this model and even implemented laws that would see turbines taken down.

[@FreeOfFantasy]

The turbines get taken down because they had a permit for 20 years and were certified to last 20 years. They are at the end of there designed life span, so they will get taken down.

[@markplain2555]

@@FreeOfFantasy Really? Not replaced but permanently taken down? We have a turbine here in Toronto that has been turning since 1998. Seems like the German government is saying, we have this great thing going but it's 20 years old now so let's end it forever. Do you see the obvious stupidity?

[@sunesnigel]

@@markplain2555 newer turbines are much bigger and have a bigger impact on people living nearby. The sound a 250 meter turbine produce can't be compared to a 20 year old 120 meter turbine. Getting new permits for this takes time. And you can't use the same base. I'm guessing this is the issue. No one wants to build 120 meter turbine now days. This might not be the reason but I'm sure there is a good reason and it's not pure stupidity acting.

[@markplain2555]

@@sunesnigel It is definately not the issue because the community has approved the windmills. Actually all this has been happening in the last 5 years. You get a developer who approaches a town or village with a prospect. He builds the wind mill and splits the income with the community all they have to do is unanimously say yes. The communities have jumping to the prospect in droves. This model was literally seeing thousands of windmills being errected. Then the German government decided to change the law and make the law retroactive - meaning windmills have to come down. Tell me the game is not rigged in Germany? DW News actually did a story on this. There are apparently multiple legal suits in court right now on this issue.

[@Belrivers]

Since we are still very much dependent on oil it makes no sense to buy gas elsewhere ; when we can drill in US. We can go solar and alternative energy at the same time.

[@igrowfaster]

Objective analysis. Thank you.

[@fredmidtgaard5487]

I react to the very American accent of the presenter while she present essentially American perspectives on this. Norway has the capability to sell up to 40% of germanys demand but the usa says no. They want to sell liquefied gas from the US instead. It is a power game

[@dantheman3022]

Yep the americans are doing the same with russia. They make it sound like russia is trying to take over europe with LNG but the real reason is the USA wants russias part of the pie !

[@disser3849]

Can you specify/cite how the USA decides where the energy from Norway goes?

[@fredmidtgaard5487]

@@disser3849 by strong polital pressure on the norwegian government.

[@fredmidtgaard5487]

@@dantheman3022 exactly!

[@disser3849]

@@fredmidtgaard5487 Yes, so be specific and cite what you are claiming. What political pressure has the Biden admin put on Norway to not sell to Germany?

[@davidwilkie9551]

"That money is just not there" to invest in Green Alternatives, and never will be for this format of financial, not industrial, modelling.., obviously! A lesson apparently un-learnable by those responsible for Policies protecting Provisioning against Profiteering.

[@iareid8255]

David, renewables have had it easy from the media and so people are led to believe that they can replace conventional generation. This is far from the truth, we cannot transition to renewable generation and away from fossil fuels. Intermittency is an obvious problem that even the media acknowledge but their technical deficiencies never get a mention. They are not equivelant to conventional generators and never will be, there is not a green alternative, especially as nuclear is excluded. (Although the E.U. is beginning to accept them as such, and only due to the deficiencies of renewables are starting to become apparent even to politicians)

[@davidwilkie9551]

@@iareid8255 which is exactly why, in my opinion, the whole so called "green alternatives" are hypocritical, ignorant lies and marketing manipulation to keep those Coal fires burning. Because Germany has some of the world's best Engineering still, and once had a sensible approach to Nuclear Power, before the bait and switch game was played on the Citizens. DW has documented the Arms Industry and who they are doing business with, so it's not like there's a true lack of knowledge, as you have shared.

[@gergc36]

Continuing to base your economy on a finite resource will do more than just a recession if that answers such a ridiculous question.

[@simonescelsa]

Renewables are more material intensive (copper, rare earths, steel, concrete, lithium for storage etc.). All these resources are limited, renewables are not renewable

[@gergc36]

Technological advances can change that. Technology will never make more oil.

[@florinaplaveti7087]

It will if you don't secure the solar and wing energy with high-capacity storage facilities: Megapacks

[@chapter4travels]

Had Germany spent the same amount of money on new nuclear as they have on "renewables", they would be 100% emissions-free electricity already. Reliable electricity not dependent on the weather or Russian natural gas.

[@frankiedehockie]

The chips shortage started before COVID-19. It resulted from the US trade war.

[@TheTruth-yq2jb]

You should have mentioned the uncoordinated shut down of base load power that was supposed to be replaced by intermittent green power. See a problem there?

[@benjaminlamey3591]

everybody forgets that the compensation when renewables are not powered relies on gas or coal. the storage solutions are just not there for now. Germany builds as much gas power plant as they built renewables, because they need to have a way to compensate night or days without wind ... hence Nord Stream 2 ...

[@itconsgenio]

After reading the title, i say “YES” if countries do not adjust to the ever changing economy.

[@benanders4412]

Countries don't adjust to the economy anymore. They are trying to adjust the economy to accommodate their ideologies. They are changing the system by design. This green bs and the corona bs are connected. The time of free trade and democracy is over. We all have to serve the international oligarchy now. Say goodbye to middle class life and summer vacations overseas. It will all be gone soon.

[@DaveBoxBG]

From now on I am only buying electric cars. And only from manufacturers that do not have oil powered cars in addition to EVs.

[@bjorn1583]

a doco on an energy crisis but no mention of the 3Mw molten salt test reactor thats recently gone online in china so they can get every thing ready for the 30Mw reactor currently under construction

[@eisenstein99]

well one reason why the natural gas price shot up for EU is that it buys at market rate, which can fluctuate given certain events. You can get relatively stable priced natural gas, you just need to lock in the pricing with contracts, which most EU companies are reluctant to do. It's not like Gazprom runs a charity and has to sell you the gas at the price you want at any time you want. In the long run the market approach is generally efficient and will net you savings, but since you went for the efficiency maximizing route, you just have to endure this slightly tumultuous time period. Or you can always buy LNG from here in the states!

[@PirrePirre]

Im very progressiv when it comes to green energy, but we need nuclear power til we transition to 100% green.

[@mikemcnamara9779]

Funny how environmentalists in California from the 1970's never liked the idea of nuclear energy and were for coal. I think the Three mile island mishap and Chernobyl disaster scared a lot of people but that's how people learn from mistakes. More people will now die from climate change than nuclear reactor meltdowns.

[@lukebandolino882]

@@mikemcnamara9779 As a matter of fact only few people died as a result of Three Mile Island, Chernobyl and Fukushima. It is believed that a lot more people died as a result of air pollution caused by burning coal.

[@davidbarry6900]

It's exceedingly difficult and expensive in the west to get beyond about 80% renewables (nuclear would fill in the rest). In Asia, they have even less capacity to generate enough power for their populations from wind and solar - there just isn't enough land that can be spared.

[@paulschmidts5429]

@@davidbarry6900 The highest so far achieved share of nuclear power in a countries electricity was France with about 80% in 2005 and they only were able to run there nuclear powerplants at a 63% capacity factor during that time (using only 70% of potential power) despite having a huge amount of interconnectors with other countries and a very interconnected grid, aswell a large amount of pumped hydro electricity storage. Now according to the „Geophysical constraints on the reliability of a renewable grid“ with large scale transmission capabilities (which the french grid has) all of the observed countries (ranging in size from South Korea to Russia) could meet 73 to 92% of their electricity demand with wind solar generation at the size of 100% of the demand. In both cases the remaining gap will be filled by flexible Gas powerplants which could also be fueled with hydrogen generated from excess electricity. With Wind and solar being cheaper on per MWh basis, they would be the better choice.

[@nelyrions1838]

Nuclear powerplants are by far the best solution right now for energy production now and for future consumption. A countries ability to compete on a market, for a healthy economy and growth is entirely dependant on Energy. Green energy is good to top of productions, but they cannot replace energy production with green energy. It simply is not technically possible. We in Sweden are starting to have similar issues and it will just keep getting worse til a collapse is imminent when people and politicians somehow suddenly awake to the facts thats been presented to them over several years. I just hope we don't have to get to that point.

[@robheusd]

You forget that nuclear can only be used as base load, you need energy sources that can be put quicly online to bridge the gap between demand and supply, and the more volatile energy sources you have, the bigger the gap. Only gas turnbines and hydro can be used for bridging that gap. Unless we find an affordable way to store lots of energy.

[@iliketacos6067]

The oil companies refuse to pay the workers enough so there is an artifical "Labor Shortage". I can make more money doing food delivery for doordash or ubereats than I would working for an oil refinery (and I did last year). Since there is a "Labor Shortage", they are unable to produce enough oil so then prices go up. There is an artifical inflation of prices due to bad business policies and bad laws. Tell your lawmakers if this bothers you

[@sundarindia7867]

DW creates great quality content . News as it is , good journalism .

[@mait9492]

Interesting sequence! Germany need this gas as air, but can’t start to pump gas thru Nord Stream 2 because it’s ready but company that build NS is under sanctions - idea: Russians pushing prices up -not german bureaucracy 🧐

[@gorkyd7912]

Neither. Russia is pushing up prices because they are on the verge of war, they have to use any leverage they have. Russia would like Europe to realize their need of Russian energy now, this winter, before the war. We dodged a bullet in 2016, Hillary would have turned conflict in Syria into war with Russia, but now we have another neocon president in the US and war is already heating up in Ukraine (despite Ukraine's own valiant complaints).

[@alexdenisov7912]

8:12 Russia (actually Gasprom) fulfills ALL its contracts. If EU needs more gas, first sign new contracts. Nobody will ever send additional gas to Europe without that.

[@vojvoda-draza]

They don't want Russian gas, because they are boycotting Putin for his human rights abuses

[@polinak.7071]

Sign new contracts with USA and pay more

[@polinak.7071]

@@vojvoda-draza do not buy Russian gas. Do not buy!

[@kairon156]

The worry for me as a renter is landlords will not really care to change the method of energy coming into their buildings because in many cases it's the person living in the apartment who pays for heat and electricity. also, what's the picture on the left behind the girl with the glasses?

[@tomte47]

There is a misconception that we have a renewable alternative ready that we just need to deploy. You cant power a grid with a source that varies between 0 and 100% with the weather.

[@just_chris1630]

Perhaps not but you could burn a lot less gas if you had a lot more wind and solar. I can't remember the exact amount but something like 40 percent of the UK's gas is burnt heating hot water. That could easily be done with electricity at any time of day. That could be timed each day to maximize the amount of renewable s. You'd still burn some gas in gas turbines to produce the required electricity but to be still, on occasion, be curtailing renewables some days and then seeing massive spikes in price for gas is a classic market failure.

[@Miancheng]

China has already been the biggest producer of wind energy, solar energy, hydroelectricity around the world, but the fact is that this kind of renewable energy is not stable enough. Maybe only the development of controllable nuclear fusion could save both the energy crisis and our climate.

[@ollihonkanen4965]

China will be dependat of coal for decades.

[@RussCR5187]

It's not at all clear that fusion could be developed in time to avert irreversible climate and social breakdown.

[@ShadowPhoenixMaximus]

Meanwhile they're the biggest producer of green house emissions in the world. The CCP is apparently renowned for its long term planning, but they couldn't see their own trade war with Australia nore own energy shortage. We knew green energy was the future for decades, we know that China has the capacity to produce green energy and yet it has chosen not to.

[@ShadowPhoenixMaximus]

@Bruno Santana Right, that's why they held the COP26 summit at ransom.

[@ShadowPhoenixMaximus]

@Bruno Santana Presuming they're giving accurate data, which they have a history of not doing.

[@GauravMishra9200]

Solar and wind energy couldn't be relied 24-7. In the rainy season, both of them are useless.

[@davidbarry6900]

Solar power is weak at the best of times in Germany. In winter though, it's useless. Wind energy is better, but not enough to supply Germany on its own. The Greens are going to have to reconcile with using nuclear energy again at some point.

[@sog1272]

Some how landed here on a 10 month old video on this topic. Did a quick google search on it and saw that the pipeline was damaged and some countries are saying it was sabotage. You need to do a follow up video

[@i.k.2485]

Google Electricity prices in Germany and France. Eurostat for 1st half of 2021. Germany: over 30 cents/kWh ("green energy leader" shutting down nuclear plants) France: under 20 cents/kWh (75% of electric generation is nuclear, CO2 free).