Amid an energy crisis, the lights are going out all over Europe, Matt writes. What it means: The impact of Russia's war in Ukraine — and the combination of sanctions and embargoes drastically curbing Russian gas supplies — is beginning to have real effects on the West's standard (and cost) of living. Big picture: In late July, the European Union's 27 member states agreed to voluntarily cut gas consumption by 15% between August and March 2023. - As part of the agreement, mandatory cuts could be imposed if the supply situation worsens.
What's happening: A range of government-imposed restrictions, akin to the kind of restraints seen during wartime, are underway. In Germany: Cologne's magnificent cathedral — normally lit throughout the night — now goes dark over night, along with public buildings, museums and other landmarks like Berlin's Brandenburg Gate. - Hanover last month became one of the first big cities to cut off hot water at public buildings. The city wants consumption cut by 15%.
- The southern city of Augsburg shut its fountains and is considering turning off some traffic lights.
Spain: Temperature limitations — air conditioning no cooler than 27 degrees Celsius (or nearly 81 degrees Fahrenheit), went into effect this month for commercial buildings. - After 10 p.m. shop windows and unoccupied public buildings won't be lit.
Italy: Air conditioning in schools and public buildings has already been limited in what the government labeled "Operation Thermostat," which commenced in the spring. France: Shopkeepers will now be fined for keeping doors open and air conditioning running, a common practice. Illuminated signs will be banned between 1 a.m. and 6 a.m. - While roughly 70% of its energy comes from nuclear power, France has committed to cutting natural gas consumption as well.
What we're watching: Whether the discomfort of the energy crisis — which could worsen during winter — reduces public support for sanctions on Russia in response to its brutal invasion of a smaller neighbor. |
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