The only thing Europe can quickly do to prevent a potentially difficult winter is to actively promote energy conservation in both the residential and industrial sectors.
This piece was originally published in Euractiv.
Faced with spiralling energy prices, European governments are trying to shield vulnerable households and small businesses with tax cuts, price caps or rebates.
These temporary government interventions are designed to protect the most vulnerable households from the energy price spikes and ensure that the ongoing economic recovery is not derailed by the shock.
However, should the supply crisis continue to worsen or winter temperatures dip lower than usual, then the problem will not be one of consumers paying high prices but inadequacy of energy supply. If, as a consequence