Energy & Europe: Driving to Disaster (12/03)
When dealing with energy questions, Europeans face two uncomfortable facts. First, the price of oil has tripled since 1999; and second, Europe lacks a clear energy policy. Aside from special treaty provisions for coal and nuclear power, the European Union (EU) has hardly addressed the issues of energy sources and supply security. Yet, it already imports half its energy, and, by 2030, the figure is expected to reach 70 percent.
Coal imports overtook production in 1995. Current production in the 15 EU countries is less than half of what it was 10 years ago, and one-seventh the output of the early 1960s. Germany and Spain are running down their mines, France will stop producing in 2005, and Portugal and Belgium no longer turn out any coal at all. Only Britain’s privatized mines have a chance of competing. Poland produces more coal than the rest of the region combined, but is restructuring to prepare for EU entry. If there is any future for European coal, it’s only as a strategic reserve in times of crisis.