Enlarge (credit: Tunvarat Pruksachat)
The past several years have seen a lot of unexpected turbulence in the global energy market. Lockdowns during the early pandemic response caused energy use to plunge in 2020, but carbon emissions soared as the economy rebounded in 2021. Early 2022, however, saw Russia invade Ukraine and attempt to use its energy exports as leverage over European countries, leading to worries about a resurgence in coal use and a corresponding surge in emissions.
As 2022 draws to a close, however, there are many indications that things aren’t going to be all that bad. Coal use has risen, but not as much as feared, and the booming renewables market has largely offset its impact on emissions. Meanwhile, Europe has made rapid adjustments to its energy supplies and appears to be in a position to handle this winter’s likely energy demands.
Europe has gotten ready
In many parts of Europe, energy use peaks in the winter with the onset of cold weather. A lot of the heating demand, along with some demand for electricity, is met by burning natural gas, and Russia is a major supplier for the continent. With Russia’s invasion of Ukraine, European sanctions initiated a series of threats and then curtailments in Russia’s delivery of natural gas, ultimately ending with the apparent sabotage of one of the most significant natural gas pipelines.
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Source: Ars Technica – The world’s energy situation is not as terrible as you might expect