Brief

The European energy price spike

OVERCOMING THE FOSSIL FUEL CRISIS

| 06/10/2021

This autumn, in 2021, Europe is experiencing an energy price crisis, mainly caused by a surge in gas prices. As winter draws near, what we might call a “gas crisis”, in reference to the oil crises of 1973, 1979 and 2008, risks having a considerable impact – economically, politically and socially. This policy brief will present the current state of play in Europe as well as reviewing the causes and determining crisis recovery strategies.

Gas prices on the European benchmark market increased sixfold in a year to reach historic levels

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