Position paper - AmCham EU’s response to the European Energy Security Strategy

The American Chamber of Commerce to the European Union (AmCham EU) has a keen interest in EU energy and climate policies, and promotes a balanced approach between the objectives of security of supply, sustainability and competitiveness to transition to a low-carbon economy at the lowest possible cost.1 In this context, AmCham EU welcomes the European Commission’s Communication on Energy Security and calls on the Council for a swift adoption of the Strategy. However, a number of policies proposed in the Communication could have the unintended consequence of weakening Europe’s competitive energy market rather than strenghtening it.