How Russia Sent Ukraine Racing Into the “Energy Eurozone”

Similar mismatches in supply and demand contributed to massive cascading blackouts in August 2003 in the northeastern United States and Canada, in July 2012 in India, and in March 2019 in Venezuela. The situation is unlikely to get better anytime soon, for three reasons. First, as countries everywhere move to decarbonize, the electrification of transportation, heating, and other sectors will cause electricity demand to soar. Second, conventional coal and nuclear plants are being retired for economic and policy reasons, removing stable sources from the grid. And third, while wind and…

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