Putin was changing the map while Europe was saving the climate
President Obama’s weak response to Russia’s invasion of Crimea has elicited widespread scorn, with critics like Mitt Romney charging that the U.S. is constantly behind the curve of world events.
We are not alone.
Europe has had nearly a decade -- since Moscow cut off gas supplies to the region for the first time-- to ready itself for renewed Russian misbehavior, but has been caught as flatfooted as Obama. Instead of reducing their dependence on gas from
Eight years ago, alarmed by the first
Hollande’s aversion to inexpensive indigenous energy is not confined to shale gas. He entered office pledging to cut
One industry source says given Germany’s substantial shale gas reserves, fracking could help maintain that 12 percent share for the next 100 years. Ironically, not resorting to fracking will mean not only increased reliance on gas imports, most likely from Russia, but also higher coal consumption, which is likely to have a harsher environmental impact.
Lomborg claims that money is flowing into subsidizing expensive and uneconomic renewables instead of funding research into new technologies that could prove beneficial to the environment and the economy. He writes in an op-ed published in The Financial Times, “For solar alone, Germany has committed to pay subsidies of more than E100bn over the next 20 years, even though it contributes only 0.7 percent of primary energy consumption. The impact on the environment will be to delay global warming by a mere 37 hours by the end of the century.” Meanwhile, energy costs for German households now run 48 percent above the EU average.
Lomborg also notes that overall, European energy costs have risen nearly 40 percent since 2005, while power prices in the
Currently, it appears that talks concerning a new Black Sea pipeline – the South Stream --that would transport Russian gas to Central and Eastern Europe and that would bypass
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