Europe’s plan to decarbonise its economy by 2050 could be turned on its head at a summit today (22 May) if EU heads of state and government sign off on measures prioritising industrial competitiveness over climate change in draft conclusions seen by EurActiv.
The draft text says that EU policy must ensure “competitive” energy prices, and declares it “crucial” that Europe diversify its energy supply and develop “indigenous energy resources” – a reference to renewable energies, but also coal, nuclear power and shale gas.
One high-profile German MEP Holger Krahmer (ALDE), hailed the end of “climate hysteria” in a jubilant press statement.
“For the first time, rising energy costs and the declining competitiveness of the European economy will be rated higher than obviously unenforceable global climate change ambitions,” he said.
“The economic and social consequences of collective hysteria can no longer be ignored, as the governments of the EU member states admit in this paper,” Krahmer added, saying that it was right to give more attention to energy sources such as gas and coal.