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High electricity prices have Europe facing deindustrialization; don’t let it happen here

Mario Loyola writes in The Hill about Europe’s high electricity prices.

The C3 Take
  • The European Commission has found that industrial output and capital goods production in the Euro area has fallen by 5.8% and 8.7%, respectively, in the last year due in large part to high energy prices.
  • High electricity prices in the EU will likely accelerate in the wake of the Biden administration’s decision to halt LNG exports.
  • The U.S. must learn from Europe’s mistakes and pursue a market-driven “all of the above” energy strategy to keep costs low and continue our emissions reductions.

“U.S. policymakers should heed warnings from Europe, and embrace a policy of making American electricity once again the most reliable and affordable on Earth.”

Read the full article here.

The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.

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