BRUSSELS – “Europe is facing a perfect storm: energy prices are rising, economic growth is falling and winter is coming.
The Kremlin is using energy as a political weapon. We must prepare for a possible gas cut, mainly through savings, diversification and solidarity among ourselves.” So writes EU High Representative Josep Borrell in a post on his blog in which he calls for unity and solidarity among EU countries in the energy sector to ‘save’ for the coming winter. Europe, Borrell explains, “faces a dilemma: it has to balance its short-term goals – enfranchise itself from Russian oil and gas during the winter – with its long-term goals of zero net emissions as part of the Green Deal. There is no point in pretending that doing so is easy, cheap or uncompromising. But it is possible if we invest seriously in energy conservation, renewables and solidarity, both at home and around the world.” “Winter comes every year, but the one we face promises to be exceptional” and “harsh,” cautions the Spanish politician, who warns of “real uncertainty about whether the EU will have enough gas” and “at what price.” The EU must prepare “for all scenarios, including one in which Russia cuts supplies altogether, whenever it wants,” continues Borrell, who calls on governments for the solidarity needed to “develop a true Energy Union.”