"The UK is vulnerable to the volatility of international fossil fuel markets, and the only way to protect ourselves from these price increases is by speeding up the transition to domestic supplies of clean energy, namely renewables and nuclear power."
"There is a clear solution to this fossil fuel cost chaos – renewables are now cheaper, safer and faster-to-market, making them the obvious pathway to energy security and sovereignty."
"Research published on Thursday shows that the last fossil fuel energy crisis, caused by the Russian invasion of Ukraine, cost the EU and the UK $1.8tn between 2022 and 2025, driving up bills and fuelling a devastating cost of living crisis."
The Russian invasion of Ukraine's fossil fuel crisis cost the EU and UK $1.8 trillion between 2022 and 2025, driving up energy bills and triggering a cost of living crisis. Recent US-Israeli attacks on Iran have again surged oil and gas prices, demonstrating the UK's vulnerability to international fossil fuel market volatility. Energy experts, climate groups, and academics warn that accelerating the transition to domestic renewable and nuclear power is essential for energy security and protecting British households from price spikes. Renewable energy sources are now cheaper, safer, and faster to deploy than fossil fuels, offering a clear pathway to energy independence and economic stability.
#clean-energy-transition #energy-security #fossil-fuel-volatility #renewable-energy #cost-of-living-crisis
Read at www.theguardian.com
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