for European Union
The EU's latest climate goals will have a profound effect on energy markets.
For Britain’s oil sector, the possibility of a “Brexit” has not raised alarm bells as of yet, but there could be higher costs for the industry if Britain breaks up with Europe.
Given the predisposition of German consumers towards consider electric vehicles, the growing popularity of EVs across Europe, and the importance of purchase incentives in driving EV sales, the measure has the potential to spur a dramatic uptick in electric vehicle adoption.
Russian sanctions have isolated the country from the West, but they have not changed President Putin’s overall strategic vision.
For the western world, the severing of energy imports from dictatorships and corrupt regimes is not only crucial for geopolitical balance, but an essential tool for human rights and democratic reforms worldwide.
In 2013 Russia supplied 29 percent of the EU's oil imports, and 39 percent of the EU's gas imports.