The International Energy Agency chief has criticised Europe for falling behind China and the US after making “two historic monumental mistakes” in energy policy, by relying on Russian gas and turning away from nuclear power.
Fatih Birol, the agency’s executive director, told the Financial Times that European industry was now paying the price for these errors and that the bloc would need “a new industrial master plan” in order to recover.
The Paris-based Birol’s intervention comes as the EU leaders prepare to debate the bloc’s economic competitiveness this week.
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