, including LNG receiving facilities. At the same time, it walked right into a massive energy-security issue with an overdependence on a notoriously unreliable supplier. When Russia invaded Ukraine, the failure of the European strategy became painfully obvious.
All that is essential to modern society was put at risk. European climate leaders also put their own credibility at risk, and arguably the credibility of the energy transition itself. A further differentiator is that the U.S. strategy is technologically and energy-source agnostic, unlike Europe’s divisive slicing and dicing of different energy-source and technology classifications, such as nuclear, green e-fuels , and Britain’s on-again, off-again permitting of North Sea development.
A rigid path to decarbonization, based on narrow policy dictates and prescriptive regulation, risks unforeseeable adverse economic, social and political consequences affecting all that is essential to society. This is the great lesson in Europe’s current crisis.