3 ms·
Yes, but you need to face reality. US, Germany can afford spending huge amounts of money for renewable energy, but many countries just can't. Worst, India at l
by piokoch 6y ago
Yes, but you need to face reality. US, Germany can afford spending huge amounts of money for renewable energy, but many countries just can't.
Worst, India at least recognized that they can't afford that, but for instance Poland signed European version of a "green deal", which costs are estimated to be 0.4 trillion US dollars (according to Polish gov estimates) up to 1 trillion according to McKinsey Consulting. This is roughly 2-4 times Polish GDP. EU funds will cover about 20% of that sum.
Poland will not be able to afford to spend that much money without rising energy prices to the exorbitant level (and because of CO2 certificates they are already the highest in Europe), which means less competitive economy, which means less money in people pocket, which means huge group of electorate angry at democracy and EU. This cannot end well.
- imtringued 6y agoIf this results in an increase in the total investment rate there won't be any people left to be angry in Poland.
- Gustomaximus 6y ago> Germany can afford spending huge amounts of money for renewable energy, but many countries just can't. This skips the part where renewable is cheaper.... if a nation can afford a coal power plant, why can they afford the equivalent generation capacity of solar/wind?