While large economies like Germany, France and the U.K. have been mired in stagnant growth and even recession over the past few years, Portugal, Italy, Greece and Spain have managed to flip the EU’s economic script. But questions remain as to whether the region’s economic momentum can be maintained going forward.
Energy
The recent approval of the United States’ eighth major offshore wind project provided a boost to the offshore wind sector’s commitment to being part of the solution not only to climate change, but also the rapid degradation of marine biodiversity. These crises are two sides of the same coin and must be addressed together.
European governments are seeking to deepen their oil and gas partnerships with Libya, largely to diversify away from Russian supplies. Yet by neglecting internal challenges such as political discord, corruption and militias, they may jeopardize their own objectives as well as Libya’s path to stability and economic recovery.