Belgian Energy Minister Tinne Van der Straeten in Brussels, July 2022. She advocates greater measures to reduce energy costs for consumers, like freezing natural gas prices. Hatim Kaghat—Belga/Reuters
Fortune: Europe could face ‘terrible’ winters for a decade due to energy crisis, one official warns
This year, Europeans have struggled with record-high energy prices as extreme weather and the war in Ukraine put unprecedented stress on the market.
While heat waves are drying up some of the continent’s key shipping routes and threatening nuclear energy production this summer, there’s no evidence that things will improve once the weather cools.
The pressure could persist for multiple winters to come, and even up to a decade, one official warns. “The next 5 to 10 winters will be terrible if nothing is done,” tweeted Belgium Energy Minister Tinne Van der Straeten on Sunday.
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WNU Editor: Belgium's energy minister is pushing for a gas price cap, but this is not going to solve the crisis which is that Europe has failed to replace Russian energy that they have sanctioned.
Belgium Energy Minister Says Europe Is Facing Terrible Winters Due To the Energy Crisis For The Next 5 To 10 Years
Europe faces terrible winters for the next 5 to 10 years without a gas price cap, minister warns -- CNBC
EU faces several 'terrible winters' without price cap: minister -- Euronews/AFP
In Europe, energy crisis drives growing cutbacks -- Axios
EU promises ’emergency intervention’ to rein in energy prices -- Politico
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