Net Zero produced the most dramatic fall in European energy since the late Middle Ages
If we measure the vibrancy of an economy by its energy use, the EU peaked in 2006 and is down 10%. The UK, alas has fallen even further and faster and is down 30%.
John Constable at the GWPF has produced a damning report on Europe’s Green Experiment and remarked that there hasn’t been a fall in energy this large “since the end of the late middle ages”.
Effectively, the EU paid €770 billion to export it’s carbon emissions and jobs to China and import nearly everything else.
The study shows that up until 2005 the EU’s energy consumption was on a rising trend, but it has now fallen by over 10% on the 2006 peak, and is now back at levels last seen in the 1990s. The UK is even more severely affected, with consumption falling by about 30% on its peak in the early 2000s and is now at levels last seen in the 1950s.
Further analysis reveals that electricity generation productivity has collapsed, with system load factor falling from an adequate 56% in 1990 to a worryingly inefficient and expensive 37% in 2020.
https://joannenova.com.au/2022/07/net-zero-policies-produced-the-most-dramatic-fall-in-european-energy-since-the-late-middle-ages/?utm_source=rss&utm_medium=rss&utm_campaign=net-zero-policies-produced-the-most-dramatic-fall-in-european-energy-since-the-late-middle-ages
