Europe braces for winter

François Valentin and Jorge González-Gallarza | 9th December 2021 | Uncategorised

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The EU’s ongoing energy crisis reveals how little its green transition has progressed

But for a handful of hardcore survivalists, an announcement caught most the EU’s onlookers off-guard. Earlier this month the (now former) defence minister Klaudia Tanner alerted her Austrian compatriots to the potential need to stockpile food if blackouts arise. Others have been hedging their bets for a while, too. In May Spanish minister Teresa Ribera penned a letter to Frans Timmermans (European Commissioner and VP for the Green Deal) pleading for bloc-wide legislation to prevent power outages from disproportionately hitting the least well off. These were merely the opening salvos in what has since shaped up to be a full-fledged energy crisis in Europe, with a skyrocketing surge in electricity prices across the continent that's hampering the prospects of a rapid post-Covid economic recovery. Bit of a mess Aitor Hernández-Morales (of Politico Europe) and Thomas Pellerin-Carlin (of the Jacques Delors Institute) chalk up this price surge to three distinct factors. First, the post-Covid ...

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