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But with the right mix of infrastructure investment, Europe can emerge from the upheaval with a system that is cheaper, achieves the continent’s net-zero carbon emissions goals and is more secure. The spending is estimated to eventually pay for itself from savings on energy imports, according to Goldman Sachs Research.

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How Europe can replace Russian gas and still achieve its net-zero emissions goals – Goldman Sachs Asset Management

The tensions between Russia and the rest of Europe over natural gas flows have underscored the unsustainability of the continent’s energy system.

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