European Industry Weakened by Exorbitant Energy Costs
Energy prices in Europe far exceed those in the United States and China, putting the manufacturing industry at a disadvantage. An urgent review of energy and industrial policies is needed to safeguard European competitiveness.
| Countries | Chine, France, Inde, États-Unis |
|---|---|
| Companies | Union Européenne, AIE |
| Sector | Énergie Solaire, Énergie Nucléaire, Gaz, Gaz naturel, Fission, Photovoltaïque |
| Theme | Politique & Géopolitique, Sécurité énergétique |
The European industry is facing a competitiveness crisis driven by energy costs significantly higher than those in other major global economies. According to the Executive Director of the International Energy Agency (IEA), Fatih Birol, the price of natural gas in Europe is five times higher than in the United States, and electricity costs three times more than in China.
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