Tag: energy

What would happen if Germany were to cut off gas imports from Russia?

15 April, 2022 · Germany

Gas tankers in South Korea
Gas tankers in South Korea

Scholz asserts that Germany will stop importing gas from Russia “very soon,” but he is careful not to assume the 2024 target that the U.S. and Britain are trying to impose. No wonder. The consequences of a European blockade of Russian gas imports would be devastating. And not only for Germany and Europe.

From “energy island” to the insularization of the European bourgeoisies

26 March, 2022 · European Union

Sánchez and Costa at this weekend's European summit which recognized Spain and Portugal as an "energy island"

The European summit and its declaration of Spain and Portugal as an “energy island”, clearly expresses the kind of contradictions stirred up among the imperialist interests of its members by the development of the EU. Contradictions that are fueled both by the growing role of Brussels in the booming war economy, and by the ever greater and more explicit weight of the U.S. in defining its policies. For the bourgeoisies of the European South, a stage of vindication of their “exceptionalities” and the hope of an insularization which will multiply rather than palliate their attack on the basic conditions of the workers is opening up.

Economic emergency

18 March, 2022 · Spain

Today's demonstration of haulers in Seville

The economic emergency situation we are experiencing -general price inflation, escalating energy and basic food prices, reduction of real wages and purchasing power- is an accelerated version of what the government and the Spanish ruling class expected from the Green Deal. What is coming now is the fall of economic activity and an “income pact” that, in order to stop inflation -which was not caused by wages but by the exaggerated margins of the electricity companies, the Ukrainian disaster and the blockade of Russia- is going to consume almost 20% of the purchasing power of a typical wage.

What is the taxonomy of sustainable investments and what does the row over nuclear and gas mean between now and 2030?

9 January, 2022 · European Union

Nord Stream 2 in its German onshore part. The change in the energy matrix already underway will accelerate as part of the economic consequences of the war.

After a year of intense inter-country political battles and between industrial lobbyists and environmentalists, leaked documents from the European Commission now reveal that the proposed “taxonomy of sustainable investments” will include gas and nuclear power as “green energies”. At once Germany, Austria and Spain take a stand against nuclear power – while dodging the gas issue – while France and the 10 countries of the “nuclear bloc” rejoice. What is the real battle underneath all this? What is at stake and how will the outcome affect workers all over Europe?

“Fit for 55”: the Green Deal is accelerating… in order to reduce by more than 20% the purchasing power of your salary

16 July, 2021 · European Union

Ursula von der Leyen, Timmersmans and three commissioners - Kadri Simson, Paolo Gentiloni and Adina-Ioana Valean - present the "Fit for 55" package in Brussels under the slogan "Delivering the European Green Pact".

The European Commission presented this week “Fit for 55”, a package of measures aimed at developing the European Climate Law. The stated aim is to reduce by 2030 emissions in the EU countries as a whole to 55% of what they were in 1990. The media linger on the end of cheap flights and the ban on the sale of cars with combustion engines by 2035. But first and foremost it is a way to inflate the speculative emissions market at the cost of higher fuel, heating, transport, food and construction prices.

New electricity bill

1 June, 2021 · Spain

Energy poverty will inevitably grow with "fit for 55" package.

Last night [in Spain -TN], the new electricity bill came into force. Although the Green Deal is already being felt in the general price increase, this is the first direct move that ties the energy transition to the loss of workers’ purchasing power. It is sold to us as a price drop made possible by renewables. In reality it is quite the opposite.

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