Can Europe Win the Energy Race Before High Costs Undermine Its Economy?

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Europe has significantly reduced its dependence on Russian energy since the 2022 energy crisis, but it now faces a different and potentially more damaging challenge: persistently high energy prices that are weakening industrial competitiveness and threatening long term economic growth. The latest tensions surrounding Iran and the Strait of Hormuz have highlighted that Europe remains [...] The post Can Europe Win the Energy Race Before High Costs Undermine Its Economy? appeared first on Modern Diplomacy .