Energy Crisis

I2U2 business forum held in UAE to address energy crisis, food insecurity

India's Envoy reiterated the nation’s commitment to the I2U2 partnership and made a strong pitch for all stakeholders to work towards achieving tangible progress in all I2U2 initiatives.

published on : 23rd February 2023

Europe scrapes out economic growth by dodging gas disaster  

Fears of lagging economic growth have not deterred the ECB from its series of interest rate increases, which are raising the cost of borrowing for businesses and consumers. 

published on : 31st January 2023

Will Europe's ban on Russian diesel hike global fuel prices?

The goal is to stop feeding Russia's war chest, but it's not so simple. Diesel prices have already jumped since the war started on Feb. 24, and they could rise again.

published on : 30th January 2023

Europe's inflation slows again but cost of living still high

The latest numbers indicate that the energy crisis may be easing for now. Energy price rises slowed to 25.7%, down from 34.9% in November and 41.5% in October.

published on : 6th January 2023

Prepay smart meters worsen energy inequality in UK

Domestic energy prices have rocketed across Europe this year following key gas producer Russia's invasion of Ukraine.

published on : 21st December 2022

Coal consumption persists despite India's ambitious renewable energy goals

India's coal consumption has doubled since 2007 at an annual growth rate of 6 per cent. Coal-fired electricity generation accounts for about 73 per cent of India's overall power needs.

published on : 18th December 2022

Ukraine slams India for buying Russian oil, calls it 'morally inappropriate'

India has increased its purchases of cheap Russian oil six-fold since the invasion in February, to the extent that Moscow is now its top crude supplier, according to local media reports.

published on : 6th December 2022

Eurozone inflation falls for first time in 17 months

Boosted by soaring energy and food bills triggered by Russia's war in Ukraine, the rate of price increases had hit a new historic record every month since November 21.

published on : 30th November 2022

CEA projects 9 per cent jump in India's peak power demand to 235GW in April 2023

In April this year, the peak power demand was around 215GW.  India currently has close to 210 GW of thermal power capacity.

published on : 29th November 2022

Germany turns to Qatar, strikes major gas deal amid energy crisis

Russia's invasion of Ukraine in February increased pressure on the German government to find new sources. And the latest deal will not help the country get through the looming winter.

published on : 29th November 2022

Sober or bright? Europe faces holidays during energy crunch

Fewer lights are sparkling from the centrepiece tree at the famed Strasbourg Christmas market, which attracts 2 mn people, as the French city seeks to reduce public energy consumption by 10% this year

published on : 26th November 2022

Ukraine battles to restore power after latest Russian barrage

The Ukrainian energy system is on the brink of collapse and millions have been subjected to emergency blackouts for weeks due to systematic Russian bombardments of the grid.

published on : 24th November 2022

UK budget predicted to be a nightmare before Christmas

Britain is likely already in recession after its economy shrank in the third quarter and is set to do so again in the final three months of the year, according to the Bank of England.

published on : 15th November 2022

Poland chooses US to build its first nuclear power plant

Poland has been planning for many years to build a nuclear power plant to gain greater energy independence and replace ageing coal plants.

published on : 29th October 2022

Europe's energy crisis raises firewood prices, theft fears

Russia's slashing of natural gas flow has forced people to seek cheaper heating sources ahead of winter. Firewood prices have skyrocketed across Europe, leading to shortages and thefts.

published on : 27th October 2022

Coal is going to be back again as gas becoming unaffordable: FM Sitharaman

"The Western world has seen countries moving to coal. Austria has already said, and today they are going back to coal," Sitharaman told a group of reporters from India.

published on : 16th October 2022

Energy crisis in European winter

Today Europe is struggling to contain an energy crisis that could lead to rolling blackouts, shuttered factories and a deep economic recession.

published on : 16th October 2022

EU countries turn to Africa in bid to replace Russian gas

Europe has been scrambling to secure alternative sources as Moscow has reduced natural gas flows to EU countries, triggering soaring energy prices and growing expectations of a recession.

published on : 12th October 2022

EU leaders struggle to bridge gas price cap divide amid Russia’s war on Ukraine fuelling energy crisis

Latvian Prime Minister Krisjanis Karins summed up the challenge for the EU as it considers a possible gas-price ceiling.

published on : 7th October 2022

EU nations struggle to find joint approach on energy prices as Russia chokes off supplies

The energy ministers of the EU's 27 nations could not paper over differences on whether and how to impose a price cap on Russian natural gas, with ever-recalcitrant Hungary refusing to agree.

published on : 10th September 2022
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