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Europe is energy poor. We will never be able to compete on raw cost with the US, China and similar. Our path forward are through renewables, which today are va
by ViewTrick1002 9mo ago
Europe is energy poor. We will never be able to compete on raw cost with the US, China and similar.
Our path forward are through renewables, which today are vastly cheaper than fossil fuels.
We decide the speed of the transition to green cheap energy by how much we tax fossil fuels. Low taxes = slow transition. High taxes = fast transition.
- mono442 9mo agoI don't believe this is true. The US has also seen a big growth of the renewables in recent years and they have managed to do it without carbon taxes.
- ViewTrick1002 9mo agoThat tells you how cheap renewables are today, especially when American energy markets generally are more monopolistic in structure. The faster we get off fossil fuels the better. The growth in the US is much smaller than Europe, except a few cases like California.