3min chapter

The Sound of Economics cover image

How should the European Union’s industry respond to the energy crisis?

The Sound of Economics

CHAPTER

The European Approach to the Energy Crisis

The one thing is increasing renewable energy supply quickly. We are risking to fall into a gap now with underinvestment we are discussing electricity market design and therefore people might be reluctant with investing. Europe has an average not great renewables resources I mean if you compare it to the US there's less sun and free unpopulated areas where you can do a lot of winter appliances. There are pockets in Europe where you actually have quite good renewables potential.

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