Institute for Energy Research: Reality is Hitting Europe's Net Zero Plans But Biden Plows Ahead in the United States
August 15, 2023
August 15, 2023
WASHINGTON, Aug. 15 -- The Institute for Energy Research issued the following agency statement on Aug. 14, 2023:
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Europe's plan to slash carbon emissions and reach net zero carbon by 2050 is seeing a backlash as the spiraling cost -- both political and economic -- needed for the transition is becoming clearer to Europeans. Wind and solar projects are now getting more scrutiny with Siemens indicating huge costs to fix operational problems. A new offshore wind p . . .
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Europe's plan to slash carbon emissions and reach net zero carbon by 2050 is seeing a backlash as the spiraling cost -- both political and economic -- needed for the transition is becoming clearer to Europeans. Wind and solar projects are now getting more scrutiny with Siemens indicating huge costs to fix operational problems. A new offshore wind p . . .