Nord Stream 2: It’s time to change perspective – Center for Security Studies
The debate around the Nord Stream 2 gas pipeline is too politicized. A change of perspective is needed. In the long term, Ukraine, as the most affected country, could strengthen its position by becoming a producer of green energy in the European energy market, say Jeronim Perović and Maria Shagina in this political perspective of the CSS .
- Extraterritorial sanctions against allies may seem like a silver bullet, but their implications could be potentially damaging for transatlantic relations. The lessons learned from the Cold War experience are indicative.
- In increasingly globalized and liberalized gas markets, regulatory powers and other market measures are more effective in mitigating the implications of Nord Stream 2 than severe penalties.
- In the long run, decarbonization will reduce Europe’s dependence on imported oil and gas. In this context, Kiev should try to take advantage of its position as a future producer of non-fossil energy.
- The discussion on Nord Stream 2 should be an opportunity for the US and the EU to cooperate on initiatives that would reduce Europe’s dependence on fossil fuels and strengthen Ukraine’s position as a producer of fossil fuels. green energy in the European energy market.