Renewable Energy Could Revive Industrial Competitiveness in Europe
Expanding renewables is increasingly viewed as Europe’s clearest path to reviving its industrial standing, as persistently high energy costs eat into the region’s manufacturing base. Electricity across the EU is still priced at more than twice pre-Ukraine war levels, and the structural exposure that sent prices there has not eased. Europe’s deep reliance on imported fuel is where the problem originates. Close to 60% of its energy arrives from outside its borders, including more than 90% of its oil and natural gas. America exports more than it consumes, and China sources less than a fifth of its supply from abroad,…
