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European experts: Drought threatens energy production in Europe

2022-08-09T11:02:22.746Z

London, SANA- European experts have warned that the increasing effects of climate change, led by drought, threaten the production of



London-Sana

European experts have warned that the growing effects of climate change, led by drought, threaten energy production across Europe.

The British "i News" website stated that Europe and Britain are increasingly feeling the repercussions of climate change, which are no longer limited to air pollution and agricultural production, but have also gone beyond it to energy production, as many power plants have stopped producing energy through wind turbines due to weak winds, which is what Many countries, such as Germany, Britain, and the Netherlands

And others to restart coal-fired power plants after they were taken out of service to meet the goals of combating climate change.

The website pointed out that the indicators of energy poverty increased in Europe after the Ukraine crisis at the beginning of this year and the sanctions imposed by the European Union countries against Russia, and that climate changes and the effect of global warming made drought rates in Europe and Britain higher this year than last year.

The first half of 2022, according to the British newspaper The Independent, witnessed a sharp decline in energy production from hydraulic sources that depend on water flow as a result of rainfall, while companies producing energy from hydraulic sources in Europe faced a severe crisis as a result of the severe drought that forced some of them to buy electricity from the market The immediate wholesale to fulfill its obligations towards its contractors and thus bear huge losses.

The Independent pointed out that while the Europeans are working to reduce their dependence on energy sources from Russia within the framework of the sanctions imposed on Moscow, the problems of generating energy from sources other than oil, gas and coal are exacerbating. out of service.

The newspaper pointed out that with the advent of winter, energy poverty in Europe and Britain will become more severe, with expectations of high electricity prices significantly as a result of the lack of production.

The Standard & Poor's report expects this to lead to huge losses for companies, especially those that sell electricity for home consumption with a specific price ceiling, while they are forced to buy it in bulk at the spot selling price that increases exponentially.

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Source: sena

All business articles on 2022-08-09

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