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European Energy Independence Is Impossible With the Current Policies

European Energy Independence Is Impossible With the Current Policies
Wind turbines stand behind a solar power park near Werder, Germany on Oct. 30, 2013. Sean Gallup/Getty Images
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Commentary

Europe isn’t going to achieve a competitive energy transition with the current interventionist policies. Europe doesn’t depend on Russian gas due to a coincidence, but because of a chain of mistaken policies: banning nuclear in Germany and prohibiting the development of domestic natural gas resources throughout the European Union, combined with a massive and expensive renewable rollout without building a reliable backup.

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