The stagnation in Europe (compared to the US) is due to EU over-regulation and industrial suicide caused by net zero policy. > [chemicals sector] investments f

The stagnation in Europe (compared to the US) is due to EU over-regulation and industrial suicide caused by net zero policy. > [chemicals sector] investments fell from 1.9 megatonnes of capacity in 2024 to 0.3 megatonnes last year, as the sector struggled with high energy prices, suffocating bureaucracy and an expansion of Chinese imports https://www.ft.com/content/6d7dee96-4d6f-431c-a229-b78f9298f1ef https://www.ft.com/content/6d7dee96-4d6f-431c-a229-b78f9298f... From 2019 to 2023, the EU recorded over 853,000 manufacturing job losses, with the largest losses in automotive sectors in Poland, Czech Republic, Romania, and Germany. The European Green Deal was forecast to put up to 11 million jobs “at risk” in various sectors if adjustments weren’t made: https://en.wikipedia.org/wiki/European_Green_Deal#Job_losses_and_inflation https://en.wikipedia.org/wiki/European_Green_Deal#Job_losses... We seem to think that if we destroy our own industry, ship emissions abroad, and marginally reduce global CO2 emissions, we will inspire the rest of the world (i.e. China and India) to follow suit. That's self-evidently ridiculous. EU national leaders need to stop peacocking in Davos and Brussels, and start listening to their own people, and their own businesses, who are crying out for sensible energy costs, and for red tape and bureaucracy to get out the way of business.