There’s tons of trees in that park down the street. But I don’t have a fireplace.
Germans could switch to wood this winter to heat their homes as Russia withholds natural gas, Deutsche Bank says – German households could turn to wood as a heating source this winter as gas supplies remain tight while Russia restricts flows to Europe, Deutsche Bank wrote in a note Tuesday.
The bank said it expects gas consumption in Germany to be 10% below 2021 levels thanks to private households saving and high gas prices. It also noted that coal and lignite could emerge as replacements for natural gas in the industrial power sector.