cromwell wrote:Germany has committed to shutting down all of it's nuclear reactors and to getting rid of all it's coal fired power stations by 2030.
I know you don't follow it Crommers but Germany just committed to their 2050 net zero and the major energy plank from now till at least 2040 is Gas. In fact they leaned on the EU to change their designation of gas from CO2 FF to Green energy depending on whether it was being used as a primary fuel or to phase out coal.
The EU is resisting but I guess they'll cave. France wants Nuclear designated as renewable (it is not it is very low CO2 over the entire cycle but Zero at the point of generation) and are supporting Germany in their own goals to "redefine" green and renewable in the EU.
It is no accident that shortly after Germany come out with a 2050 net Zero plan that relies almost totally on Russian gas, that Russia invades Ukraine.
Even better for Russia, the EU have been working night and day to get EU bonds and transactions out of London and into the EU. Russia has also been working night and day to get their funding moved to these EU sites. Now he is insulated, to some extent, from UK sanctions. He can't buffer it all as the UK is still the single largest financial centre in the world, but he has managed to get enough out.
Parallels to Opium come to mind.