Andrew Freedman and Ben Geman write in Axios about Europe’s energy dependence on Russia.
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- The developing crisis in Ukraine is showing the importance of energy security and markets, not governments, picking energy winners and losers.
- Green energy mandates in Europe have created a situation where Russia controls 40% of the continent’s natural gas supply, a fact that Russia is using to its geopolitical advantage in Ukraine.
- To avoid a similar situation in the United States, we should pursue policies that promote energy independence.
“A Russian invasion of Ukraine and the U.S. and an allied country response would have ripple effects beyond Europe, exacerbating inflation and roiling global energy markets.”
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The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.
