‘High electricity costs threaten European prosperity’

Published on 13 November 2013 at 10:46

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“Europe is increasingly losing ground in terms of energy when compared to other economic powers,” points out the 2013 World Energy Outlook Special Report presented on November 12 by the International Energy Agency (IEA).
At a time when cheap gas has triggered the re-industrialisation of the United States, ”investors have withdrawn from Europe,” remarks Der Standard. Between now and 2035, the production and the export of products whose manufacture requires large amounts of energy will increase significantly in emerging Asian countries, and to a lesser degree in the United States. However, points out the daily —

… the EU and Japan will experience a significant decline [losing close to a third of their share in the world market] […] Europe should open its gas market and reinforce trade.

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