Completing the Energy Union to Maintain Competitiveness
European energy businesses are concerned about the EU's global competitiveness, questioning the current state of the EU's energy union.
Europe is facing significant geopolitical, economic, environmental, and technological pressures that threaten its strategic landscape. The war in Ukraine has exposed the continent's energy vulnerabilities, while competition from the US and China is highlighting weaknesses in Europe's industrial and digital sectors.
A recent gathering of policymakers, industry leaders, and energy stakeholders at the PKEE Energy Day aimed to address these challenges and find a way forward.
Europe finds itself at a critical juncture, besieged by a convergence of geopolitical, economic, environmental, and technological pressures that threaten to reshape its strategic landscape.
- Russia's war on Ukraine has highlighted Europe's energy fragilities.
- Intensifying competition from the US and China is exposing vulnerabilities in Europe's industrial and digital foundations.
Author's summary: EU's energy union is crucial for global competitiveness.
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