{"id":469976,"date":"2026-11-03T12:52:14","date_gmt":"2026-11-03T11:52:14","guid":{"rendered":"https:\/\/www.eunews.it\/2026\/11\/03\/von-der-leyen-la-chiusura-di-hormuz-e-costata-allue-127-miliardi-di-euro-in-piu\/"},"modified":"2026-11-03T14:20:31","modified_gmt":"2026-11-03T13:20:31","slug":"von-der-leyen-the-closure-of-hormuz-has-cost-the-eu-an-extra-127-billion-euros","status":"publish","type":"post","link":"https:\/\/www.eunews.it\/en\/2026\/11\/03\/von-der-leyen-the-closure-of-hormuz-has-cost-the-eu-an-extra-127-billion-euros\/","title":{"rendered":"Von der Leyen: \u201cThe closure of Hormuz has cost the EU an extra 127 billion euros\u201d"},"content":{"rendered":"

Brussels \u2013 The closure of the Strait of Hormuz has cost the European Union an additional 127 billion euros. These are the figures cited by Ursula von der Leyen<\/strong>, President of the European Commission, in her speech at the WinWin Summit held at the Royal Library of Belgium in Brussels. From that podium, von der Leyen today (3 November) also launched an appeal<\/a>: to ensure that Europe is not simply the place of \u201cgreat scientific discoveries\u201d but to return to being  \u201cthe place where those discoveries create new industries and create good and sustainable jobs for the European people.\u201d <\/p>\n

According to the President, \u201cEurope starts from a position of strength\u201d because it \u201caccounts for almost 30 per cent of the global patents in clean technologies\u201d and \u201calmost one in three quantum companies worldwide is based in the EU.\u201d There are \u201cworld-leading universities and research institutes and, what is more, access to higher education is free.\u201d However, although Europe continues \u201cto be at the forefront of many of the technologies that will shape our future\u201d, this is not enough to \u201cmake Europe the ideal place for innovative businesses to be founded, scale up and become leaders\u201d. For this reason, von der Leyen has proposed a strategy based on three priorities. <\/p>\n

The first is to \u201cmake full use of the scale of our single market.<\/strong>\u201d The EU single market comprises \u201c450 million people\u201d, yet \u201cour innovators are unable to fully exploit its potential\u201d because \u201can entrepreneur wishing to expand across Europe still faces a maze of different rules and requirements\u201d, with \u201c27 legal systems and over 60 different types of national company forms\u201d, the President said. The European Commission intends to turn this situation around through \u201cEU Inc.\u201d, the so-called \u201c28th regime<\/a>\u201d.  This is \u201ca single, simplified company model, valid throughout Europe\u201d which \u201cenables entrepreneurs to set up a company entirely online, from anywhere in Europe, within 48 hours and for less than 100 euros\u201d, the President explained, thereby facilitating \u201cthe start-up, development and expansion of businesses within the European Union.\u201d This is an ambition for which the Berlaymont Building is \u201cfighting hard, with Parliament and the Council, to ensure this ambition remains intact,\u201d the President added. <\/p>\n

Another initiative focuses on scale-ups, that is, innovative companies that have moved beyond the initial phase of their development (the start-up<\/em>), have validated their product or service on the market and have a scalable and repeatable business model. Von der Leyen reported that in Europe, such companies <\/strong>\u201craise, on average, 50 per cent less capital than their peers in San Francisco\u201d<\/strong>. Consequently, \u201cwhen they need hundreds of millions to expand, they are often forced to look across the Atlantic,\u201d she noted. For this reason, the Commission has launched \u201ca European \u2018scale-up\u2019 fund\u201d bringing together \u201cpublic and private investors to create the largest European fund dedicated to growing businesses.\u201d And according to von der Leyen, \u201cit works.” In just two months, the fund \u201chas invested in eight companies, helping them to raise close to 5 billion euros.\u201d <\/p>\n

The second priority is \u201ccapitalising on the opportunity of the clean transition<\/strong>\u201d, particularly after a year in which \u201cwe have witnessed the devastating impact of climate change: droughts, wildfires and floods\u201d and in which \u201cwe have also experienced first-hand the cost of our dependence on imported fossil fuels,\u201d the President explained. The President of the European Commission pointed out that this year, \u201csince the closure of the Strait of Hormuz, imported fossil fuels cost Europe an additional 127 billion euros without a single molecule of energy in addition<\/strong>.\u201d Therefore, \u201cwhen we import oil and gas, we risk importing the shocks and crises that come with them\u201d, she stated, stressing that the green transition \u201cis on one hand protecting our climate. But it is also about Europe’s competitiveness and independence.\u201d<\/p>\n

However, the direction seems clear to the President: \u201cWe will become the first climate-neutral continent by 2050,\u201d she said, explaining that \u201cwe have taken a crucial step towards this goal by agreeing on the 2040 climate target\u201d, with a commitment \u201cto reduce Europe\u2019s emissions by 90 per cent\u201d by that year. Von der Leyen also provided another figure: \u201cSince 2021, over 1.2 trillion euros have been invested in sustainable activities in the European Union<\/strong>\u201d. Although \u201cthe global market for clean technologies is growing by around 20 per cent every year\u201d, \u201cour task is to ensure that these technologies are not only used in Europe, but also developed and manufactured here.\u201d For example, thanks to the EU Emissions Trading System (ETS)<\/a>, emissions \u201chave fallen by around 50 per cent, while the economy has grown by 30 per cent\u201d and it has generated \u201cover 270 billion euros in revenue to reinvest in innovation and the clean technologies of the future.\u201d However, this instrument requires further support: \u201cWe aim to mobilise 100 billion euros to support industrial transformation,\u201d the head of the European Commission said.<\/p>\n

The third and final priority concerns \u201cthe use of artificial intelligence to generate benefits across all our economies\u201d. The aim is to \u201cput AI at the service of the real economy\u201d. After highlighting the progress made in the industrial and healthcare sectors, von der Leyen stressed the need to \u201ccombine Europe\u2019s strengths with the transformative power of artificial intelligence\u201d. The head of the Berlaymont Building recalled that at the start of the year she had \u201cappointed Jim Snabe <\/a>as Special Envoy for Artificial Intelligence in Industry\u201d and explained that, thanks to his work, \u201cself-driving vehicles could reduce accidents involving pedestrians by over 90 per cent<\/strong>\u201d. <\/p>\n

At the end of her speech, Von der Leyen argued that Europe must be the \u201cplace where such vehicles are designed and built, not just where they are used\u201d. For this reason, \u201cwe must give our innovators the conditions for success.\u201d This means \u201cfaster and simpler approval for autonomous vehicles\u201d and enabling companies to \u201caccess a single approval process And once a technology is approved, companies should be able to deploy it across Europe without any additional barrier.\u201d This way, \u201cour innovators can develop for a truly European market from day one on,\u201d she concluded.<\/p>\n","protected":false},"excerpt":{"rendered":"

During a speech at the WinWin Summit, the President of the European Commission called for \u201cEurope to be the place where businesses become leaders\u201d and reiterated the geopolitical importance of the transition.<\/p>\n","protected":false},"author":7908,"featured_media":469938,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jnews-multi-image_gallery":[],"jnews_single_post":{"format":"standard","override":[{"template":"1","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"default-sidebar","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"0","post_reading_time_wpm":"300","post_calculate_word_method":"str_word_count","show_zoom_button":"0","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","show_prev_next_post":"1","show_popup_post":"1","show_comment_section":"1","number_popup_post":"1","show_author_box":"0","show_post_related":"1","show_inline_post_related":"0"}],"image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post_position":"meta","trending_post_label":"Trending","sponsored_post_label":"Sponsored by","disable_ad":"0","subtitle":""},"jnews_primary_category":[],"jnews_override_counter":{"view_counter_number":"0","share_counter_number":"0","like_counter_number":"0","dislike_counter_number":"0"},"footnotes":""},"categories":[25705,30800,30805],"tags":[25871,35362,25821,30247,35217,25788,35960],"class_list":["post-469976","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-energy","category-industry-markets","tag-aiuti-alle-imprese","tag-artificial-intelligence-en","tag-transition-ecological-en","tag-palazzo-berlaymont","tag-market-unique-en","tag-ursula-von-der-leyen"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/posts\/469976","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/users\/7908"}],"replies":[{"embeddable":true,"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/comments?post=469976"}],"version-history":[{"count":1,"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/posts\/469976\/revisions"}],"predecessor-version":[{"id":469977,"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/posts\/469976\/revisions\/469977"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/media\/469938"}],"wp:attachment":[{"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/media?parent=469976"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/categories?post=469976"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/tags?post=469976"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}