How can vertical farmers power through the energy crisis?

Freezing winters draining gas supplies, a "windless summer" limiting wind farm activity in the UK and staggering increased demand across Asia with the economic recoveries following lockdown having exerted even greater demand on resources of coal, oil and natural gas. With 85% of homes reliant on gas central heating, and a further third of our electricity being generated through gas, UK residents and businesses are set to see particularly hard price rises when the price cap rises in April, and then again in October.

Simultaneously, the economic impacts of war in Ukraine are also rippling through Europe. As the UK and EU enforce sanctions on Russia to isolate the country, these restrictions have the potential to cause a further economic fallout throughout the continent and the globe. Russia itself is the second largest exporter of crude oil in the world, and the world's largest natural gas exporter. Although the UK sources just 6% of its crude oil and 5% of natural gas from Russia, countries across Europe are much more heavily reliant on energy exports. With the UK and EU economies still closely tied, it's inevitable that we'll see the wider impacts of inflation in our food shops, energy bills, and as a result, interest rates.

In short, Europe's continued reliance on fossil fuels has been brought into a stark reality, and its impact on consumers, businesses and food prices is set to be far reaching.

Continue reading.

Photo Courtesy of LettUs Grow

Source: LettUs Grow