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However, the project gains resistance from the U.S and Ukraine, citing concerns over Europe's reliance on Russia and energy security issues.
The Gazprom-led pipeline project is ready but it is waiting for the permit from Germany before starting to flow the 55 billion cubic meters of natural gas to Europe every year.
Renewable energy is not ready
The energy crisis has caused a global outcry amid calls for the energy transition aimed at reducing carbon emissions.
Such a circumstance seems to show that it will take a long process for us to switch to renewable energy sources from fossil fuels.
According to Worldometers, the global coal consumption reached 8,561,852,178 tons (short tons, st) as of 2016.
"Well, one of the big issues, as the politicians have kind of made, have overpromised on how quickly the transition can take place. So the issue is not whether or not the transition will take place. It will, certainly. The issue is that the politicians essentially promised it would happen very quickly with a very little side effect, and reality is slightly different than that. If you look at energy consumption globally, not just electricity. It's still dominated by fossil fuels. So as the transition takes place over the next few decades, it's going to slowly transition. It's not going to transition all at once," Mark Cann said.
The International Energy Agency (IEA) data stated that global coal demand rose for the second straight year to hit 0.7 per cent in 2018.***
