"CO2. You can't live with it, you can't live without it," as the Dutch philosopher Erasmus didn't quite say.
As we head into winter, Europe is hit by a perfect storm of drastically higher gas prices which will in turn have a profound impact on the cost of production and storage of CO2, necessary in the meat production industry and to cool nuclear reactors and keep medicines cold.
"Soaring natural gas prices have forced fertiliser companies to curb output, denting production of carbon dioxide as a by-product.
Nippon Gases, one of the world’s largest carbon dioxide distributors, told the Financial Times it estimated its supplies had fallen by 50pc in Europe, and countries would “suffer shortages”.
It comes as British food producers were warned yesterday to prepare for a 400pc rise in carbon dioxide prices.
“We need the market to adjust, the food industry knows there’s going to be a sharp rise in the cost of carbon dioxide,” George Eustice, the Environment Secretary, told Sky News.
The price of CO2 would rise from around £200 a tonne to around £1,000 a tonne, Mr Eustice said.
Carbon dioxide is used to stun and kill animals such as chickens as well as to cool critical nuclear reactors and to keep medicines cold."
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