BAKU, Azerbaijan, January 20. One of the
priorities of the EU is to build an interconnected and affordable
energy market, a true energy union, European Commission President
Ursula von der Leyen said in her special address to the World
Economic Forum in Davos, Trend reports.
“Energy is a choke point for both companies and households. And
just look at the dispersion of prices across European electricity
hubs. Europe needs an energy blueprint that pulls together all the
parts. This is our affordable energy action plan. We are, for
example, massively investing in our energy security and
independence with interconnectors and grids. This is for homegrown
energies that we are trying to promote as much as possible, the
nuclear and the renewables, to bring down prices and cut
dependencies, to put an end to price volatility, manipulation, and
supply shocks. But now we have to speed up this transition, because
homegrown, reliable, resilient, and cheap energy will drive our
economic growth and deliver for Europeans and secure our
independence,” she said.
Ursula von der Leyen pointed out that whether on trade or
business, capital, or energy, Europe needs an urgency mindset.
“Our starting point is good. We are home to global champions in
fields ranging from wind power to next-generation batteries, from
aerospace. Through the industrial machines that are essential to
build the chips and advance weapons, our companies are taking up AI
at the same pace as their U.S. peers. Europe is in the race for the
key technologies of tomorrow. But as global competition gets
ruthless, we must show real ambition, especially in those sectors
vital for our independence,” the European Commission president
added.
