Energy only makes up about 10% of household spending in the EU, with about 40% going to services and 20% to food, alcohol and tobacco.
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Geopolitics
United Nations – Ukraine: Population drops by 10 million since Russia invaded in 2014
One must remember that with its infrastructure in tatters, this includes heating and electricity, millions of Ukrainians could decide to flee the country this winter. Read HERE
Climate Crisis
Tim Jackson: Degrowth – How the light gets in
The Entropy Law still matters. CUSP director Tim Jackson responds to Michael Liebreich’s essay on the ‘The secret of eternal growth’. Read here
Economics
ING: Poland’s GDP growth decelerates sharply in the second quarter
According to the preliminary estimate, GDP in the second quarter grew by 5.3% year-on-year, compared to 8.5% year-on-year in the first quarter. The slowdown is worse than expected Read Here
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