Sam Buchan outlines pragmatic ways to solve Europe’s energy crisis in RealClearEnergy.
- Over the past two years environmental activists have gained greater influence in Europe’s energy policy making.
- The progressive push to mandate only renewable energy in much of the EU has had unintended consequences and has pushed Europe to depend more on Russian natural gas.
- Through a market-driven “all of the above” energy strategy Europe can reduce its dependence on Russia to meet its energy needs.
“Allowing climate activists and political leaders to shame natural gas is why European gas purchasers are reluctant to sign long-term contracts, the absence of which exposes them to price volatility. The best course of action is for the EU to host a forum like the one held in 2018 to restore cooperation on LNG and expand the supply and price stability experienced by nations with long-term contracts with U.S. LNG suppliers.”
Read the full article here.