The oil shocks of the 1970s marked the end of the Keynesian era at the same time as the beginning of France's long stall. The electric shock that accompanies the end of the Covid epidemic also has a systemic dimension. In the short term, the challenge stems from the explosion in the price of electricity, which has multiplied by five in one year. This surge, redoubled by the shortage that is particularly rife in China, is jeopardizing the recovery and fueling inflation. The drain on household purchasing power creates a social risk, the danger of which the "yellow vests" movement has highlighted.
Tensions on supply lead to increased use of coal, synonymous with ecological disaster.
Finally, Europe, which imports almost all of its gas, finds itself blackmailed by Russia, which provides 40% of its supply and threatens to cut it off if it does not obtain satisfaction to annex Ukraine.
See also
The keys to understanding why electricity prices are rising
In the long term, the decarbonization of the economy, and in particular the realization…
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