Without any doubt, a more diversified energy system will arise out of Europe’s current energy crisis. Wind and solar are likely to benefit, but also green hydrogen, green ammonia, and even nuclear. At the same time, it has become patently obvious that hydrocarbons will continue to play a key role in both energy markets and the global economic system. The Russian invasion of Ukraine is seen by many as the main reason for Europe’s energy crisis. Western sanctions on Russia, combined with the weaponization of energy supplies by Moscow,…
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