Nord Stream 2 - Germany's dilemma

Kirsten Westphal

No 32/2021, SWP Comments from Stiftung Wissenschaft und Politik (SWP), German Institute for International and Security Affairs

Abstract: The Nord Stream 2 project presents the German government with the dilemma of choosing between energy and foreign policy interests. Geopolitical arguments often prevail in the political discourse. Yet, a weighing of priorities requires a look at the energy policy context, too. When it comes to balancing interests, there are no easy or 'cheap' answers. With a focus on the energy context, it has to be emphasized that a cooperative approach toward energy transformation promises the greatest dividend for a balance of interests, but it presupposes a minimum consensus within the Euro­pean Union (EU), along with the United States (US), Ukraine, and Russia.

Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:swpcom:322021

DOI: 10.18449/2021C32

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