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at what s on the show. across europe, more than half a trillion dollars was spent in the last year protecting people from the high cost of energy. as the colder months come down the pipeline, and the war in ukraine shows no signs of stopping, is there still an energy crisis for europe and america? how much has changed in the market? and will governments have to spend billions again to protect us from massive bills? i m going to be discussing all of that with these two there they are the man behind the official research which europe uses to figure out the direction of energy bills. and a global market specialist who sits on the council that advises the united states government on energy strategy. plus, it s a year since president biden announced hundreds of billions of dollars for the push to clean energy. just months later, europe followed suit. so i ll talk to the boss of one of europe s biggest clean energy companies, fortum, about the money flooding into the mark ....
clean energy companies, fortum, about the money flooding into the market, what happens when moscow seizes your assets, and what it all means for business, bills, and the future of the planet? wherever you rejoining me from around the world, once again, a big hello and a warm welcome to the show. you know, vladimir putin s full scale invasion on ukraine back in february of 2022 sparked a seismic shock in global energy markets. prices spiked immediately, and this was felt nowhere more than in europe. for years, russian oil and particularly gas had kept that continent running, and that came to a screeching halt as a flotilla of sanctions all descended on russia from europe, the uk, and north america targeting notjust the supply of oil and gas, but also how russia took payment, and even the insurance on its boats of fuel that were still being shipped to countries like, well, like india and china countries which have maintained their ties with moscow and have taken a ....
across europe, more than half a trillion dollars was spent in the last year protecting people from the high cost of energy. as the colder months come down the pipeline, and the war in ukraine shows no signs of stopping, is there still an energy crisis for europe and america? how much has changed in the market? and will governments have to spend billions again to protect us from massive bills? billions again to protect i ll going to be discussing all of that with these two the united states government on energy strategy. plus, it s a year since president biden announced hundreds of billions of dollars for the push to clean energy. just months later, europe followed suit. so i ll talk to the boss of one of europe s biggest clean energy companies, fortum, about the money flooding into the market, what happens when moscow seizes your assets, and what it all means for business, bills, and the future of the planet? wherever you rejoining me from around the world, once again ....
So i think that, whether they ve done enough will only be known probably in about within a year or two s time, but not really until we actually have some of that extreme weather to test it out in practice. and one of the other problems, of course, that we have to remember is that the prices are lower than they were a year ago. they re still high, very high, but they re a lot lower than they were a year ago. and those high prices that we had actually led to lower demand. there was a lot of demand that was reduced by people, by industry because of those high prices. if we lower the prices, even though they re still high, we will have more demand and more to support. all right. it s like a dog chasing its tail. it is, it is. we ve turned off the lights or we ve had less heating on because of the prices those prices come down, we re like, leave the light on, turn the heat up. exactly. i mean, in a sense, we ve been having people say for decades that energy is too cheap not consumers, ....
At what s on the show. across europe, more than half a trillion dollars was spent in the last year protecting people from the high cost of energy. as the colder months come down the pipeline, and the war in ukraine shows no signs of stopping, is there still an energy crisis for europe and america? how much has changed in the market? and will governments have to spend billions again to protect us from massive bills? i m going to be discussing all of that with these two there they are the man behind the official research which europe uses to figure out the direction of energy bills. and a global market specialist who sits on the council that advises the united states government on energy strategy. plus, it s a year since president biden announced hundreds of billions of dollars for the push to clean energy. just months later, europe followed suit. so i ll talk to the boss of one of europe s biggest clean energy companies, fortum, about the money flooding into the market, what happens ....