The problem is that EU can’t compete on price. However, as they are long term it is not as much of a risk to install foreign technology that is not necessary to internet connect.
The EU is reducing, which is why per capits is important. We can see what is possible. Clearly the USA is not doing well. China has made huge inroads in green energy and I think it’s a combination of wanting to be at the forefront of new technology and a need for energy security.
As it stands, china is about triple the EU, while manufacturing for them. The USA is just burning carbon for no reason as they no longer manufacture. This will worsen until ai bubble pops. They have quite a bit of nuclear power though. Their oil based economy is just too ingrained. Similar to Saudi Arabia. Why bother reducing when oil is cheap.
I fully expect tariffs in carbon pricing to be the next trade tariff globally. Whyake the hard cuts that cost.more on your internal market when the competition does it cheaper and doesn’t care about environmental effects. It forces incentives to do the right thing and prevents the externalization of costs.
The problem is that EU can’t compete on price. However, as they are long term it is not as much of a risk to install foreign technology that is not necessary to internet connect.
The EU is reducing, which is why per capits is important. We can see what is possible. Clearly the USA is not doing well. China has made huge inroads in green energy and I think it’s a combination of wanting to be at the forefront of new technology and a need for energy security.
As it stands, china is about triple the EU, while manufacturing for them. The USA is just burning carbon for no reason as they no longer manufacture. This will worsen until ai bubble pops. They have quite a bit of nuclear power though. Their oil based economy is just too ingrained. Similar to Saudi Arabia. Why bother reducing when oil is cheap.
I fully expect tariffs in carbon pricing to be the next trade tariff globally. Whyake the hard cuts that cost.more on your internal market when the competition does it cheaper and doesn’t care about environmental effects. It forces incentives to do the right thing and prevents the externalization of costs.