Weather & Science
Europe Set for Coldest Winter Since Ukraine War, Posing Energy Risk
- Colder weather risks elevating already high energy costs
- Temperatures through March seen lower than last two years
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Europe is set for the coldest winter since Russia’s invasion of Ukraine, pushing up already elevated energy costs as the continent dips into its gas reserves at a faster-than-usual rate.
Temperatures between now and March are set to remain mostly below levels seen in the last two years, according to data from the European Centre for Medium-Range Weather Forecasts compiled by Bloomberg. That’s likely to push heating demand to the highest level since the start of the war in Ukraine, according to data from Maxar Technologies Inc.