QCLN - Germany freezes Nord Stream 2: Energy security vs. climate action

Just months after the COP26 Summit in Glasglow, energy security is dominating climate action in the headlines, as the prospect of a war involving Russia rattles the energy market. Germany on Tuesday halted the Nord Stream 2 pipeline - which is designed to double the amount of its gas imports - after the country made the decision to phase out nuclear power in 2011 and discontinue coal power by 2030. With Germany now relying on Russia for 55% of its gas imports, fears of an energy crisis are growing, as well as increasing worries that crude could even hit $100 a barrel. Quote: "Germany is right on Nordstream2. The pipeline has to be assessed in light of the security of energy supply for the whole of Europe," tweeted European Commission President Ursula von der Leyen. "We are still too dependent on Russian gas. We have to strategically diversify our suppliers

For further details see:

Germany freezes Nord Stream 2: Energy security vs. climate action