Germany's SPD, Greens, FDP agree on coal exit by 2030
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Germany's centre-left Social Democrats, the Greens and the liberal Free Democrats agreed on major points in their efforts to form a coalition government including the exit from coal-fired power stations by 2030, according to a draft document seen by Reuters on Friday.
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https://www.reuters.com/world/europe...30-2021-10-15/
Going Green Is Europe’s Shale Revolution
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Spiking natural gas prices have hardened Europe’s resolve to embrace wind and solar power as a path to energy independence, much as the U.S. took to fracking
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https://www.wsj.com/articles/going-g....co/roKFB1UhiP
More and more I'm starting to think these high energy prices will make countries think harder about energy independence and every supply less linked to commodity price risks. It's a different equation for fossil fuel producing areas of course, but Europe for sure will want off the roller coaster.
Those in the O&G field would probably know better, but I wonder what happens to these plans once the inevitable oversupply happens. If the best cure for for high energy prices is high energy prices, then surely a supply glut of in the forecast. Europe made strong climate goals when energy costs were low, and are now looking at even stronger goals when process go higher. Could that change if prices go low again?