The EU needs to take a hard look at the deadlines and costs of its regulations - and acknowledge that deep decarbonisation is very expensive. Dropping the sustainability reporting requirements would be a good warm-up.
Money being a claim on energy, the productivity (EROI) of the system is critical.
Purely from a physics perspective I agree that Europe has to ascend the energy density gradient. All current policies instead descend.
They will not sustain an economy if they "transition" from systems with an EROI in the mid to high 20's to a system in the single digits. In short it will cost 3-4 times as much to do the same amount of work.
The EU needs to take a hard look at the deadlines and costs of its regulations - and acknowledge that deep decarbonisation is very expensive. Dropping the sustainability reporting requirements would be a good warm-up.
Definitely. The EU seem to think just by dictating requirements that investment and markets will develop. They are facing hard reality now.
Great article thanks.
Money being a claim on energy, the productivity (EROI) of the system is critical.
Purely from a physics perspective I agree that Europe has to ascend the energy density gradient. All current policies instead descend.
They will not sustain an economy if they "transition" from systems with an EROI in the mid to high 20's to a system in the single digits. In short it will cost 3-4 times as much to do the same amount of work.
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Let:s simply vote for change when the next Commission is elected.