“Even before the crisis, Europe was going through a re-evaluation of climate policies in light of energy security and economic growth and the alarming deindustrialization of the continent. Germany had been at the forefront of focusing on climate, but at CERAWeek, its minister for economic affairs and energy, Katherina Reiche, reiterated her call for a reality check on energy and climate policies. It’s a timely thing to do in light of the greater risks and challenges,” Yergin said.