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The bloc has avoided an energy crisis, but the short-term solutions could harm competitiveness and the green transition down the line.

Harm reduction is a helpful policy concept from the narcotics field that can be applied to energy and climate change. It recognizes that drug abuse occurs and seeks to minimize the negative consequences that drug use can bring, ideally improving (or saving) both the life of the user and of society.

The price of natural gas may increase in Europe, leading to difficulties in competitiveness and may even lead to the next economic recession, as the continent imports 90% of its natural gas, which large LNG suppliers may exploit, points out Benjamin Lakatos, the President and CEO of the Swiss-based MET Group in an exclusive interview with Portfolio.