News in numbers Gas-lit bypass


Closed shop 70%


The percentage of the European feritliser industry that has shut down due to sky-high energy costs. Glass, steel and paper are among the other sectors to be hit hard too.


(Intellinews) Four times more


The jump in monthly energy bills paid by France’s biggest aluminium manufacturer, leading to furloughed staff and a 20% cut in production.


(New York Times) 94


Number of years German toilet paper giant Hakle graced bathrooms across the world before filing for bankruptcy in 2022 – due largely to energy costs.


(New York Times)


Turning down the heat


15%


The percentage by which EU countries hope to reduce energy consumption in light of ongoing gas shortages.


(Deutsche Welle) Two years


How long legal limits on energy use are expected to last in Germany. Among other things, buildings with gas heating systems will need to arrange a heating efficiency checkup.


(Deutsche Welle) 19°C


How high French corporate offices will be allowed to keep their thermostats this winter, after the government published a raft of energy-saving measures.


(Bloomberg)


Winding up $35bn


How much President Macron has committed towards upgrading France’s nuclear power plants, part of an effort to promote the country’s energy independence. 2022 saw nuclear output hit a 30-year low thanks to a number of technical problems.


(Asia Times) 45%


How much lower the EU hopes its carbon emissions will be by 2050, thanks to wind, solar and other electrification efforts.


(McKinsey) 5 billion


How many cubic metres of gas a new pipeline between Greece and Bulgaria could soon transport each year. Together with a second pipeline in the Baltic, it promises to protect European energy markets from Russian whims.


(AP)


Finance Director Europe / www.financedirectoreurope.com


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