Overreliance on imported fuel stocks would leave the economy and Defence vulnerable to supply shocks, findings show.
In June, Defence Connect published an analysis on the effect of energy security on national resilience, examining the impact of skyrocketing energy prices on the cost of business in Europe.
At the time of writing, producer prices in Germany had increased by 33.6 percent (between May 2021 and 2022), with energy being a leading driver of price growth at 87.1 per cent.
Since then, the War in Ukraine has continued to rock Europe’s energy market.