The European Union's current energy policies are under fire, demonstrating once again the pitfalls of centrally managed economies. Sanctions on major resource exporter Russia have backfired, exacerbating the EU's already flawed hydrogen strategy. A significant shift is needed, including peace agreements and the reintegration of key suppliers, especially for gas.

A recent report from the European Court of Auditors highlights that the EU will likely miss its ambitious hydrogen expansion targets for 2030. Both supply and demand for renewable hydrogen are expected to fall short. Stef Blok, a member of the court, states that demand won't even reach 10 million tons, far from the 20 million tons target. Similarly, the EU's goals for producing and importing 10 million tons of renewable hydrogen each are deemed overly optimistic.

The EU faces an economic crisis that will worsen unless it radically changes its ideologically driven policies.