Remaking Europe’s Energy System for the Age of AI |
LONDON – The US-Israeli war on Iran is a wake-up call for the European Union: energy remains a critical strategic vulnerability. But addressing this vulnerability by weakening elements of the European Emissions Trading System, as the European Council seems to want, would do nothing to confront a challenge that extends well beyond dependence on imported fossil fuels. The real source of Europe’s vulnerability is an energy system that is fundamentally incompatible with economic power in the 21st century.