The collapse of the European emissions system over the last few weeks is a serious indicator of the loss of interest in the issue of climate change among the top policy makers, especially in Germany. Unless the market can find a new credibility the whole structure of the European climate agenda looks vulnerable. Read more
A tanker is filled at a Gazprom refinery. Getty
Could the conflict between Gazprom and the European Union become the antitrust case of the decade?
The answer is yes and the argument is spelt out in an excellent paper just published by the Centre for European Policy Studies.
The case could not only make legal history and provide a very timely reminder that the EU is alive and kicking, it could also transform the international gas market, pushing on the fall in prices already underway and undermining to the point of extinction the linkage between the prices of crude oil and natural gas. Read more
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