Energy Price Crisis and War Sanctions — Tomorrow’s Energy Supply

Abstract

Abstract Natural gas and crude oil prices have risen permanently in recent months. In addition, the war in Ukraine is adding to the uncertainty on the energy markets. The sanctions imposed by the EU and its allies against Russia could also have indirect consequences for supply security in Germany. In particular, it seems uncertain whether or to what extent gas can continue to be imported from Russia. What challenges does German policy now face and what measures should it take in order not to jeopardise security of supply, price stability and the “Energiewende”? Are there sensible substitutes for Russian gas? Which energy sources should be expanded in this situation?