https://issuesinsights.com/2021/10/05/why-is-joe-biden-embracing-europes-failed-green-socialism/
These are the worst of times for Europe when it comes to energy. Not only are its green schemes failing to produce enough energy, but because of environmental laws, taxes and regulations, conventional energy prices are shooting through the roof. Inexplicably, President Joe Biden wants to recreate the same failed policies here.
Europe faces a winter of energy discontent, thanks to its absurd green programs that have created sudden extreme shortages and sharply higher prices for natural gas around the world. Officials thought they could cut carbon dioxide emissions to zero simply by building more wind farms and regulating fossil fuels out of existence.
Wrong. Sure, they built wind farms and shut down coal and nuclear plants, but they didn’t think of the simplest question: What if the wind doesn’t blow, or the sun doesn’t shine? As cold weather looms, Europe has had an unusually windless period, triggering severe deficits.
To make up for the shortfalls, Europe has gone back to the natural gas market. But who supplies its natural gas these days? Russia, which has cut supplies to Europe mainly, it seems, just to watch it squirm.
Things are so bad that Germany has returned to evil coal for fuel, only to be told by providers that, sorry, prices are sky high and supplies are tight. After closing all its nuclear power plants, which supplied CO2-free energy, foolish Germany has no choice. Nor does the rest of Europe, suffering the same self-inflicted green maladies.
“Europe’s increasingly expensive gas and electricity prices are sending a strong signal to manufacturers to consider temporary plant closures and to home and office owners to turn down thermostats to conserve fuel this winter,” wrote Reuters last week. “Front-month gas futures are now more than six times more expensive than at this point last year, as the region struggles to import enough gas to refill its depleted storage ahead of the winter peak heating season.”
“Europe’s climate follies created fuel shortages and price spikes rippling through global energy markets,” CFACT, a climate think tank, tweeted in response to Europe’s energy shock. “Demand for natural gas has soared due to waning wind production, the shutdown of coal and nuclear plants, and lower Russian gas deliveries.”