Europe is entering a new energy crisis. The War in Iran and the closure of the Strait of Hormuz have led to sharply rising international prices for oil and gas. The wider implications for Europe’s economy are not yet foreseeable. One thing, however, is clear: more home-grown renewables will strengthen Europe’s energy security and help lower power prices for European industry and households. Germany and the UK have taken action: they have made wind energy a key pillar…
