The writer is the US ambassador to the European Union
Europe cannot secure affordable, reliable energy while saddling its suppliers with rules that drive up costs, reduce supplies and create uncertainty. Energy importers and producers are now warning that the European Union’s methane regulation is just such a rule.
This regulation could precipitate another energy crisis at a time when Europe can ill-afford one. Brussels already appears to be aware of the risks. Earlier this month, the EU Commission floated recommending “flexibilities” to the stringent requirements in an effort to reduce supply security concerns.
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