Europe’s industrial titans are decrying the continent’s green-over-growth energy policies. By choosing to see cheap energy and a healthy environment as mutually exclusive goals, Europe is hamstringing its own economic recovery and doing nothing for the planet.
The great irony of Germany’s energiewende—its recent “green” energy transformation—has been a sudden revival of the country’s coal industry. The energy imperative to get that coal out of the ground may bring about the razing of entire villages as a kind of collateral damage.
EU industries pay double what their American counterparts pay for electricity, and the International Energy Agency is warning that this is not a one-off phenomenon. Green policies are an anchor around Europe’s economies.
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