Russia's invasion of Ukraine was a wake-up call for Europe regarding its unhealthy levels of dependence on the energy and metals fronts, and the associated threats this posed to its competitiveness. Meanwhile, the need to decarbonize the economy has become ever more pressing. Soon after the...

Only by decarbonizing its economy and reducing energy and raw-material dependencies can the EU safeguard its competitiveness in the global markets. Postponing policies to decarbonize the energy system will increase long-run welfare losses. Decarbonization offers great potential for improving...