Opinions
Europe's green energy suicide
As austerity bites into European living standards, sparking revolt at the polls, "growth" has become the politician's mantra. But to be competitive, European countries require a secure, plentiful and competitively priced energy supply. Unless Europe radically rethinks its obsession with carbon-dioxide emissions and the anti-fossil fuel energy policies that flow from it, growth is likely to remain elusive.
June 6, 2012
by Rael Jean Isaac
in Wall Street Journal
As austerity bites into European living standards, sparking revolt at the polls, "growth" has become the politician's mantra. But to be competitive, European countries require a secure, plentiful and competitively priced energy supply. Unless Europe radically rethinks its obsession with carbon-dioxide emissions and the anti-fossil fuel energy policies that flow from it, growth is likely to remain elusive.
European Union law mandates that the 27 member countries on average cut their C02 emissions 20% by 2020, compared to 1990 levels. The goal after that is to cut emissions by between 80% and 95% by 2050. In May 2010, a study by... [continue via Web link]
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Energy Policy
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Impact on Economy
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