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European Commissioner for Energy
Europe is facing a critical challenge. When it comes to advanced technology innovation, labor productivity, and affordable energy, it’s not keeping up with the U.S. and China. At least that’s the take from Mario Draghi, former European Central Bank president, in his European Commission report last month titled, “The Future of European Competitiveness.”
The last five years for the European Union have been tumultuous – from the pandemic to an energy crisis sparked by Russia’s invasion of Ukraine, to the European Green Deal. How Europe moves forward in the face of these challenges will directly impact its short and long-term energy security, and the pace of its transition to clean energy. And it’s all playing out against the backdrop of an ever-worsening climate crisis.
This week, host Jason Bordoff talks with Kadri Simson. Kadri has been the European Commissioner for Energy since 2019. Before that, she was the Estonian minister for economic affairs, and held various other positions in the Estonian government.
Kadri visited the Columbia campus during Climate Week in New York City.
They discussed the impact of Russia’s attacks on Ukraine’s energy infrastructure, Europe’s progress in weaning itself off Russian gas, and member states’ attitudes toward nuclear power, among other topics.
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The Biden administration has stressed that building domestic electric vehicle (EV) battery recycling capacity is necessary to achieve critical material supply chain resilience and to meet the US energy transition goal of net-zero carbon emissions by 2050.
Nuclear power is being weighed in energy transition plans around the world, as countries seek to replace fossil fuels with low-carbon alternatives while also meeting growing energy demand and maintaining reliability and affordability.
Why is the United States struggling to enact policies to reduce carbon emissions? Conventional wisdom holds that the wealthy and powerful are to blame, as the oligarchs and corporations that wield disproportionate sway over politicians prioritize their short-term financial interests over the climate’s long-term health.
Dear Madam or Mr. President, Congratulations on your election as president of the United States. You take office at a moment of enormous consequence for a world directly impacted by the twin challenges of energy security and climate change.