High Gas Prices Today Are a Problem for Europe: Enel CEO The global rise in energy prices shows, in a way, what a chaotic transition to greener power looks like. One remedy to volatile fossil-fuel costs is more renewables. Take Europe for example. Wind speeds have been below average this year, which has led to a greater reliance on natural gas. That phenomenon coincided with a global supply crunch that has pushed prices even higher. As a result, dirtier coal-power plants are coming online. It’s not a good look for the European Union, which is pushing through an ambitious green strategy , or for the U.K., which is due to host global climate talks in Glasgow in November. “As we start phasing out coal and nuclear capacity that’s been in the system for decades, there’s a risk that prices will have to rise further,” said Toby Couture, director at […]