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Sep 21, 2022

Europe’s competition chief says “energy crisis is accelerating the green transition”

From the BBC World Service: Margrethe Vestager, one of the European Commissioner’s executive vice presidents and its competition commissioner says funding alternative technologies is a crucial element in the transition away from Russian energy supplies. Plus, Germany reaches a deal to nationalize one of its gas giants. Uniper has been struggling after Russia significantly curtailed gas supplies to Europe in response to western sanctions over its war in Ukraine.

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Europe's competition commissioner says we need more investment in more environmentally-friendly technologies.
Europe's competition commissioner says we need more investment in more environmentally-friendly technologies.
JOHN THYS/AFP

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Europe’s competition chief says “energy crisis is accelerating the green transition”