{"id":460364,"date":"2026-03-06T08:16:12","date_gmt":"2026-03-06T08:16:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/460364\/"},"modified":"2026-03-06T08:16:12","modified_gmt":"2026-03-06T08:16:12","slug":"why-the-eus-efforts-to-bring-down-energy-prices-are-destined-to-fail-politico","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/460364\/","title":{"rendered":"Why the EU\u2019s efforts to bring down energy prices are destined to fail \u2013 POLITICO"},"content":{"rendered":"

Seda Orhan, head of energy at CAN, agreed. \u201cThe acceleration of renewables should be coupled with the acceleration of energy efficiency, but also the phasing out of fossil gas,\u201d she said.<\/p>\n

But building the wind and solar farms, nuclear plants and electricity networks that are needed \u2014 not to mention replacing dirty old fossil-fuel powered equipment with electrified cars, heat pumps, factories and smelters \u2014 will take not weeks or months but decades, and will cost trillions of euros.<\/p>\n

Double down on fossil fuels <\/p>\n

For those willing to put catastrophic climate change out of mind, there’s another option \u2014 more, cheaper fossil fuels. <\/p>\n

EU officials hope that ongoing efforts to diversify fossil fuel supplies, set out well before the war over Iran, will help the bloc avert supply issues and steeper prices.<\/p>\n

Since Russia’s full-scale invasion of Ukraine, the EU has rushed to diversify its energy supplies by relying more heavily on Norway, North Africa and Central Asia. Only this week, Dan J\u00f8rgensen, the EU’s energy chief, visited Azerbaijan to shore up a tentative gas deal, which he hailed<\/a> as a win for energy security.<\/p>\n

This all comes as Norway, the biggest supplier of gas to the bloc, expands its own drilling operations, and the U.K. faces pressure to ramp up drilling in the North Sea.<\/p>\n","protected":false},"excerpt":{"rendered":"Seda Orhan, head of energy at CAN, agreed. \u201cThe acceleration of renewables should be coupled with the acceleration…\n","protected":false},"author":2,"featured_media":460365,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[3711,1487,84,2358,8729,77904,2980,6230,5704,459,59084,3602,141,1294,2359,2360,136685,1344,88356,257,12624,3682,8731,68095,158660,3374,2982,2794,145,2043,2693,555,464,465,585,2274,479,42166,52806,2984,2985,6235,41103,467,632,2798,4160,2987,3435,78088,999,4892,3517,469,10040,154,1351,1675,416,640,2696,1668,39474,642,426,557,56,157,54,158,55,2988,636,161],"class_list":{"0":"post-460364","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-africa","9":"tag-asia","10":"tag-business","11":"tag-carbon","12":"tag-chemicals","13":"tag-climate-law","14":"tag-companies","15":"tag-competitiveness","16":"tag-conflict","17":"tag-crisis","18":"tag-dan-jorgensen","19":"tag-denmark","20":"tag-donald-trump","21":"tag-economy","22":"tag-electricity","23":"tag-emissions","24":"tag-emissions-trading-system","25":"tag-energy","26":"tag-energy-bill","27":"tag-energy-efficiency","28":"tag-energy-markets","29":"tag-energy-prices","30":"tag-energy-security","31":"tag-estonia","32":"tag-fatih-birol","33":"tag-finland","34":"tag-fossil-fuels","35":"tag-friedrich-merz","36":"tag-germany","37":"tag-greece","38":"tag-imports","39":"tag-industry","40":"tag-infrastructure","41":"tag-investment","42":"tag-iran","43":"tag-ireland","44":"tag-italy","45":"tag-kazakhstan","46":"tag-latvia","47":"tag-liquefied-natural-gas","48":"tag-lng","49":"tag-lobbying","50":"tag-luxembourg","51":"tag-markets","52":"tag-middle-east","53":"tag-north-sea","54":"tag-norway","55":"tag-oil","56":"tag-petteri-orpo","57":"tag-pipelines","58":"tag-poland","59":"tag-pollution","60":"tag-portugal","61":"tag-produce","62":"tag-qatar","63":"tag-russia","64":"tag-security","65":"tag-shipping","66":"tag-space","67":"tag-spain","68":"tag-steel","69":"tag-sweden","70":"tag-teresa-ribera","71":"tag-the-netherlands","72":"tag-trade","73":"tag-transport","74":"tag-uk","75":"tag-ukraine","76":"tag-united-kingdom","77":"tag-united-states","78":"tag-unitedkingdom","79":"tag-ursula-von-der-leyen","80":"tag-war","81":"tag-war-in-ukraine"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/460364","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=460364"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/460364\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/460365"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=460364"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=460364"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=460364"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}