“2024 might be a defining yr, with extra geo-economic tensions anticipated – from the Purple Sea to the Taiwan Strait – which additionally means extra frequent disruptions in provide chains and extra instability in power markets,” she advised a local weather convention in Hamburg.
“Worldwide competitors is changing into increasingly troublesome. This can be a new norm that we’ve got to face,” stated the top of the EC.
In response to von der Leyen, the elevated frequency of maximum climate occasions signifies that Europe should come collectively “like by no means earlier than” to satisfy the challenges.
In her evaluation, the 27-nation bloc reacted rapidly to cut back its dependence on Russian fuel following Moscow launched a full-scale invasion of Ukraine in February 2022.
This excessive state of affairs has meant that the EU is prone to generate extra power from wind and photo voltaic than from fuel this yr.
However von der Leyen stated power costs should proceed to fall and known as for “acceptable funding selections”.
European business has been hit exhausting by Russia’s warfare in Ukraine, which has disrupted provide chains and raised power costs, resulting in persistent inflation.
Assaults on worldwide transport within the Purple Sea by Iran-backed Houthi rebels in Yemen have added to the difficulties dealing with corporations.
In response, the UK and america struck Houthi targets.
Taiwan’s election of a brand new president from the Democratic Progressive Get together, which doesn’t acknowledge China’s claims to the island, has additionally raised fears of renewed unrest in East Asia.
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2024-06-05 00:49:52
