What is the new trend of power sharing
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Power sharing is essential to creating a sustainable future
Connecting Europe’s energy markets will help reduce emissions and slash costs, but some countries are standing in the way of progress
By Jules Gray | Friday, January 9th, 2015
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The Dashava natural gas facility in Ukraine. The country has begun importing gas from Slovakia through Dashava as it struggles to cope with cuts in gas deliveries by Russia
Amid the constant wrangling over making sure member states meet supposedly strict EU emissions targets, governments have tended to favour domestic policies over wider initiatives. While there have been calls to make governments collaborate in order to meet these targets, many administrations in Europe have backed domestic energy providers, rather than allow sharing of power across border.
Creating greater efficiencies between countries in how energy is generated and shared is an integral part of building a more sustainable world. In Europe, it would also greatly increase energy independence at a time when many EU countries are heavily reliant on Russian and Saudi Arabian oil and gas.
It is widely agreed that renewable energy is the future of the energy industry. Even those at the top of the oil industry will admit that, with fossil fuels depleting, the world will need to rely increasingly on renewable sources that are both sustainable and cheaper. However, although policymakers the world over have talked tough about the need for countries to sign up to strict targets on renewable energy, the reality has been quite different. Countries have done their level best to scale back renewable energy subsidies in the face of economic trouble and a raft of new fossil fuel discoveries (which are partly due to the proliferation of shale drilling). While the renewable energy industry has certainly been harmed by this trend, its importance as a long-term solution to the world’s energy troubles remains
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