Its politicians must stop acting as if the energy shortage is a one-winter affair that can be weathered by handing out subsidies
Save time by listening to our audio articles as you multitaskUnfortunately, away from the battlefield there is a growing and under-acknowledged threat to the Western resolve on which Ukraine relies. Europe is mishandling the energy crisis Russia has inflicted on it. Its failures could notOn the surface Europe’s predicament seems less perilous than it did.
Curbing demand is an urgent task. Yet governments have so far focused on subsidising energy prices and protecting households and businesses from the shock. Italy did not cut its consumption at all in the first six months of 2022. At the end of September, cold weather in Germany briefly took gas consumption to 14.5% above the 2018-21 average. Britain is capping energy prices and is only
Most short-sighted is Europe’s failure to take advantage of its own gas reserves. The Netherlands boasts a gasfield in Groningen which could, without any new infrastructure, provide about half as much gas as Russia used to supply to Germany. Yet production is minimal and the field is scheduled to close by 2024. The Dutch government fears the wrath of local homeowners who have suffered in the past when pumping gas has triggered earthquakes.
Danmark Seneste Nyt, Danmark Overskrifter
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