The European Energy Crisis

Julian Grinschgl: A Perfect Storm: The Causes and Consequences of the European Energy Crisis, AIES Fokus 1/2022

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11.02.2022

The current developments in the international commodity and energy markets are unprecedented in recent history, the causes little understood, and the consequences far-reaching. The situation is particularly severe in Europe and should serve as a wake-up call for the European Commission and European Union (EU) member states. A sober analysis of the causes and consequences highlights how a lack of security and strategic sovereignty in energy policy undermines economic, environmental and foreign policy goals.