The energy crisis in Europe as a result of anti-russian sanctions and the green agenda

Abstract

Today, against the backdrop of European sanctions against Russia, the idea of abandoning Russian energy resources is being actively promoted. The EU is focusing on substituting imports from Russia with imports from other countries and green energy. At the same time, there is exceptional volatility in the energy markets, we can talk about an energy crisis. The price that the EU pays for the rejection of Russian energy is extremely high, moreover, the crisis observed today in the European energy market is primarily associated with the rejection of cheap Russian energy. The article proves that the current situation is a crisis for the EU, it is linked to anti-Russian sanctions. The author proved that with a planning horizon of less than 10 years, the EU will not be able to fully abandon Russian energy sources, and green energy will not be able to replace oil and gas from the Russian Federation. Separately, the question of how green energy can be compared with traditional energy sources is investigated and it is proved that the latter can exist without green energy sources, while the former needs duplication.