Climate policy meets cold reality in Europe

European leaders at the United Nations applauded each other last week as they doubled down on their pledges to cut CO2 emissions. And Pr...


European leaders at the United Nations applauded each other last week as they doubled down on their pledges to cut CO2 emissions. And Prime Minister Boris Johnson said the UK “will lead by example, keeping the environment on the global agenda and serving as a launching pad for a global green industrial revolution”. Such vows of carbon chastity are, to say the least, ironic as Europe grapples with a severe energy shortage and soaring prices sparked by its Green Industrial Revolution.

In the last decade the UK and Europe have shut down hundreds of coal-fired power plants and Britain has only two left. Spain shut down half of its coal-fired power plants last summer. European countries have spent billions of dollars subsidizing renewables, which last year for the first time surpassed fossil fuels as a percentage of electricity production.

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Newsrust - US Top News: Climate policy meets cold reality in Europe
Climate policy meets cold reality in Europe
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Newsrust - US Top News
https://www.newsrust.com/2021/09/climate-policy-meets-cold-reality-in.html
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