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anovikov 8 hours ago

Unlike with Russia in 2022, there's nothing Europe can realistically do about it, only path forward is now the renewable energy. Time horizon is too short for nuclear, Russian supplies are already outlawed and beyond realistic control anyway (Nord Stream pipelines are rotten in the bottom of the sea and Ukraine won't agree to renew transit to matter the pressure, even if it is abandoned and has to fight alone - in drone war there's very little leverage anyone has on them).

EU is highly energy efficient and already uses a lot of renewables, more than any other large country or block of countries. So in a relative sense, in terms of competitiveness, we win in an energy crisis.

It's a much bigger problem for Africa, Southeast and South Asia, and Latin America. They simply have no way out and will suffer, having no say in this situation and no recourse no matter how politically poisonous it was. They will absorb all the real harm. While suffering they will provide global demand for renewable tech making it even cheaper and transition, faster.

leonidasrup 6 hours ago | parent [-]

EU is loosing in energy competition. Energy prices are higher then in US, much higher than in China. It's highly dependent on fossil energy imports, it's the single biggest import item.

https://www.seair.co.in/blog/imports-from-europe.aspx

After Russia invaded Ukraine in 2022, Germany run to Qatar to secure future gas supplies. They just replaced Russian gas with LNG imports.

https://www.dw.com/en/german-minister-heads-to-qatar-to-seek...

Germany extended coal mining.

https://www.politico.eu/article/germany-robert-habeck-coal-e....

anovikov 4 hours ago | parent [-]

But that's the whole point: make prices as high as possible politically to make transition faster. It will have to be done in any case. When it happens now is a lot better situation than 2022 one because back then, political threshold was quite low: it was possible to just surrender to Putin to "fix" things. Now, there's no one to surrender to, it can't work anymore, or not at the time scale necessary. So possible price level became a lot higher -> transition a lot faster.

As for imports/exports: EU is a major net exporter and has always been, but it doesn't really help (or harm) things much.