Last March, Spain and Portugal reached a historic agreement: for the first time ever, two European countries could set a price cap on gas for power generation, for a period of twelve months. A period to seek agreements was opened in both countries, which ended on 9 June, when the European Commission gave the final approval to the mechanism. This undoubtedly proves that the current European Union is very different to the European Union we were living in during the financial crisis of the last decade.
Not for the first time, Europe finds itself in the middle of a fossil gas conflict. Not for the first time, Russia is reducing its supplies and using gas as a political weapon. The Ukraine conflict is threatening to escalate and, with it, the gas crisis. Germany made a mistake and, contrary to what our […]
Digitalisation and climate change are the two global challenges of our time. Megatrends, tasks of a generation, top-level priorities – there is no shortage of buzz words to describe them. The next German government will be judged by how successfully it tackles these two challenges. Germany plans to be climate neutral by 2045. The German […]