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

The Sound of Economics

CHAPTER

The Pros and Cons of Energy Intensification in Europe

The second strategy would be to keep energy intensive industry in Europe but make subsidies conditional to large scale deployments of decarbonization technologies. The third is ramping up investments in renewables into the grid and into storage solutions. But even if we do all these things there's a big expansion push for increasing renewable energy supply which of course we want to do for decarbonization reasons. It's not clear though that at the end even that push would make energy in Europe as cheap as it might be somewhere else right.

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