00:00Three years after Russia's invasion of Ukraine,
00:02Europe is still battling an energy crisis.
00:05But how did we get here, and what's next?
00:07Stay with us to find out.
00:09Before 2022, Europe relied heavily on Russian gas,
00:13about 35% of its supply.
00:16But when the war began,
00:17that energy source turned into a geopolitical weapon.
00:21Prices soared, and Europe scrambled for alternatives.
00:25The biggest replacement?
00:27Liquefied natural gas, LNG, from the US and Norway.
00:31Wind and solar energy also surged,
00:33growing 50% since 2021.
00:36But there's a catch.
00:38High energy prices have hurt businesses and families.
00:41Some factories closed or moved to cheaper regions,
00:44and millions of Europeans struggle to heat their homes.
00:48So, what's the future?
00:50Europe is investing in renewables and nuclear energy.
00:53But gaps remain, especially when the wind doesn't blow,
00:57or the sun doesn't shine.
00:59Europe is now competing with China and other nations for LNG,
01:02making gas expensive.
01:04And surprisingly, Russia still sells LNG to Europe.
01:08With energy still costly, the EU faces tough choices.
01:12Will it increase domestic gas production?
01:15Expand renewables faster?
01:17One thing is certain.
01:18Europe's energy future is still uncertain.
01:22What's your take on this crisis?
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