EnergyWatch

High gas prices stimulate green transition, research suggests

New Danish university research finds that towering gas prices in the eurozone function as a highly effective stimulant for switching to greener energy.

Total Energies platform i Tyra-feltet skal være med til at genoptage produktionen af dansk gas som følge af den russiske invasion af Ukraine. | Photo: Total

Sky-high prices of natural gas are prompting people in Europe to replace gas furnaces with electrical heat pumps.

In other words, the fuel being so expensive amid the ongoing energy crisis has a beneficial long-term implications for climate change mitigation efforts in the continent.

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