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Latest energy shock reminds Europe of its risky gas reliance
This briefing by Ember analyzes the impact of a March 2026 energy shock caused by conflict in the Middle East, which led to spikes in European gas prices and increased fossil import costs. The document highlights how varying levels of reliance on gas for electricity generation across EU member states create disparate levels of exposure to price volatility, arguing that reducing gas dependency is the only effective way to build resilience against such shocks.
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Document type: Briefing
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