Europe could become energy self-sufficient in $2 trillion push, study says
Europe could become energy self-sufficient in $2 trillion push, study says
Europe could wean itself off fossil fuels and create a self-sustainable energy sector by spending around 2 trillion euros ($2.1 trillion) on solar, wind and other regenerative sources by 2040, according to a new study.
Now that sounds like a good use for taxpayers' money.
While renewables don't come without costs and downsides, they're a no-brainer, no matter one's politics.
Let's say you don't believe in global warming. Fine. You're an idiot, but fine. Who among those idiots would argue that energy independence is a bad thing?!
Imagine Europe getting off the Russian and Saudi teats. Is anyone seriously arguing that the world shouldn't defang those barbarians and cavemen? Energy independence is a geopolitical win no matter how you slice it. Tell the House of Saud and Putin (along with whatever filthy system the Russians go for next) to go fuck each other.
Energy is the only reason we put up with so much political bullshit in the world. Using the Saudi and Russian examples again, ask yourself how much geopolitical power those countries would hold if we yanked the rug out. Western democracies should make renewable energy a geopolitical goal, even if they ignore global warming.
Renewable energy is literally freedom energy. Geopolitical win for sure
If that’s all it would cost it’s a fucking bargain, and if they use that as a stepping stone to being fully supplied by renewable it could be priceless
This is the best summary I could come up with:
FRANKFURT, Oct 5 (Reuters) - Europe could wean itself off fossil fuels and create a self-sustainable energy sector by spending around 2 trillion euros ($2.1 trillion) on solar, wind and other regenerative sources by 2040, according to a new study.
It would take another decade to convert the entire energy system, including things such as heating currently powered by oil or gas, to renewables, according to the study, which was shared with Reuters.
"These figures are considerable, but it is important to remember that the European countries are estimated to have spent additional 792 billion euros in the last year just on the status quo system to protect consumers from the effects of the energy crisis introduced by the Russian invasion into Ukraine," the study said.
Last month, European lawmakers gave their final approval to legally binding targets to expand renewable energy faster this decade, a central part of Europe's plans to curb climate change and shift away from fossil fuels.
The scientific study - commissioned by Aquila Capital, one of Europe's largest private renewables investors - echoed industry criticism towards European regulation, asking for faster approval of projects to make sure targets were hit.
It said renewable energy supply would need to grow by 20% per year to meet expected power demand by 2030.
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It's fun sitting here in Texas, watching Europe do these wonderful things.
Texas has the highest use of renewables than any state in the US... they produce about 20% of all the renewables in the US alone... Texas makes about 3 times as much renewable energy than all of Germany. Weird thing to say
Except that's bollocks, isn't it. Do you have a source that shows Texas produces three times as much renewable energy as Germany?
10 seconds of googling told me that germany produces around 240 TWh of renewable energy per year while texas produces around 133. If you have sources to the contrary feel free to provide them though.
Isn't Texas like twice as big as Germany?