Europe is making a multi-trillion euro bet that homegrown electricity can solve some of its biggest problems: high energy costs, geopolitical vulnerability, and industrial decline. On this week&#x27;s Econ World, energy columnist Ron Bousso joins host Carmel Crimmins to explore whether renewables, nuclear power and a massive grid overhaul can deliver energy security before Europe&#x27;s competitors pull even further ahead. Check out Ron&#x27;s column here: Europe makes trillion-euro bet to revive its battered industry Sign up for the ⁠⁠⁠⁠⁠⁠⁠⁠Reuters Econ World ⁠⁠⁠newsletter⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Catch Reuters Morning Bid ⁠⁠⁠⁠⁠⁠⁠⁠here⁠⁠⁠⁠⁠⁠⁠⁠ For information on our privacy and data protection practices visit the Thomson Reuters Privacy Statement. Learn more about your ad choices. Visit megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

Europe's electric dreams

Reuters Econ World

Hey there. So we all know US tech giants are spending gargantuan sums to power the AI revolution. But did you know that over here, on this side of the Atlantic, Europe is also spending big, with a multi-trillion euro bet on homegrown electricity and renewable energy? You see, recent energy shocks caused by the war in Ukraine and the conflict in the Middle East have squeezed the continent hard because it's so dependent on imported oil and gas.

European leaders want to cut that dependency. So they're putting renewable energy at the heart of Europe's security and industrial policy, betting that homegrown electricity will be the spark to transform its economy. So will they succeed? Let's try and find out. I'm Carmel Crimmins and this is Reuters Econ World. Every week we go deep on the economic principles and ideas driving the biggest news around the world. On this week's show, Europe's electric dreams.

Europe's energy transition is now a race for economic security. And to talk us through the backdrop to that race, how it's being run, and whether or not it can be won, I'm joined today by Ron Busso, who's a Reuters Open Interest columnist and has written a recent column all about this topic. Ron, welcome to the show. Hi, Carmel. Very good. Great to be back. Yeah, great to have you back on the show, Ron. This is right up your alley, this topic. Absolutely. So I was doing a bit of digging around energy shocks and I was thinking,

you know, they're kind of like the economic equivalent of a heart attack, aren't they? You know, they're sort of, they gum up the supply of fuel to businesses and consumers. Inflation spikes, growth gets hit.

Europe's electric dreams

Read the full transcript

The candid version is on a podcast,
not the earnings call.

Europe's electric dreams

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.