Energy crisis seen posing 'existential threat' to climate goals

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Energy crisis seen posing 'existential threat' to climate goals
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Europe's energy crisis has upended the green transition and undermined efforts keep global warming below 1.5 degrees Celsius, business leaders and environmentalists said on Monday, with one warning of an 'existential threat' to climate goals.

Steve Malkin, CEO and founder of the Planet Mark, speaks to guests during the annual Reuters IMPACT summit in London, Britain October 3, 2022. REUTERS/Maja SmiejkowskaLONDON, Oct 3 - Europe's energy crisis has upended the green transition and undermined efforts keep global warming below 1.5 degrees Celsius, business leaders and environmentalists said on Monday, with one warning of an "existential threat" to climate goals.

While coal demand had been expected to decline in the long-term, there's been a resurgence in Europe in recent months as coal plants are turned back on.

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