A global energy crunch heading into winter is raising the prospect of electricity rationing in Europe, higher prices for everything from heating bills to cheese, and factory shutdowns in China ahead of the Christmas shopping season.
“From October we are starting to suffer a lot,” said Valentino Miotto of the AIRES association that represents the grain sector.
But “the long-term answer that has to be taken out of this is to invest in renewables and energy saving,” she said.like wind and solar, saying the “clean energy transition is the best insurance against price shocks in the future and needs to be accelerated.” High energy prices already were hitting the region’s farmers, who need diesel to operate machinery and heat to keep animals warm, said Greif, who grows corn to feed a bioenergy power facility that feeds emission-free energy into the power grid.
Much depends on the weather. Europe’s gas reserves, usually replenished in summer, are at unusually low levels. In China, outages have followed high prices for coal and gas as electric companies power down amid limits in passing costs to customers or government orders to stay under emission thresholds.
France Dernières Nouvelles, France Actualités
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