EnergyWatch

Energy became an unavoidable theme for world leaders in 2021

Red-hot power prices, a lukewarm COP26, slightly greener world powers, and a chronically contentious natural gas pipeline leave the energy sector in a state of limbo as 2021 wanes to an end.

Photo: Anton Vaganov/Reuters/Ritzau Scanpix

2021 made energy a very hot topic for world leaders. The perfect storm – a combination of rising energy demand, depleting natural gas inventories after a cold winter and unfavorable wind and water conditions – hit the world's unprepared energy markets hard.

After months of rapidly surging energy prices and reactions from around the globe, the EU Commission offered a toolbox of sorts in October containing measures such as accelerating licensing procedures for renewable energy projects.

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