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Yeah, turns out if you ramp up electricity prices, people will cut usage in any way they can. The issue is more that for competitive industry we really need ch
by nivenkos 4y ago
Yeah, turns out if you ramp up electricity prices, people will cut usage in any way they can.
The issue is more that for competitive industry we really need cheap energy prices. Sure consumption was cut, but how much industry has moved to the USA now? (especially with the Inflation Reduction Act subsidies).
- ranguna 4y agoDefinitely not battery production and car manufactoring
- Tepix 4y agoI know some people in France who sat in thick clothes in their apartment at around 13°C because they couldn't afford heating it.
- herbst 4y agoWas any European Industrie moved to the US? Any examples? That's new to me.
- fulafel 4y agoThis kind of race-to-the-bottom logic risks undoing efforts to mitigate climate disaster. The alternative is to plan for the future where rampdown of fossil fuels will reward early movers and penalise laggards when the consensus trade agreements regime swings the pendulum to regulate rest of the fossil production away and implements whatever carrots and sticks are required to leave known oil & gas deposits in the ground.
- eigenspace 4y agoLatest economic data is showing at least in Germany that manufacturing is recovering reasonably well, and grew more over the past couple months than expected. I'm sure it would have grown more if this crisis didn't happen, but it is at least still growing. A lot of European manufacturing is so specialized that energy prices aren't a very large portion of their cost. The energy prices certainly are affecting the steel and chemical industries, but at least if the rest of the industrial economy is doing well they can afford to subsidize the less specialized industries that they decide are strategically important.