Spain's renewables build-out has structurally decoupled its electricity prices from gas markets.
Gas now sets the price in only 15% of hours, compared to 90% in Italy.
Countries that invested early in clean power are far less exposed to fossil fuel price shocks.
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Remember when Germany spent the entire 2010s lecturing countries like Spain about fiscal responsibility lmao
Yeah, the same Germany that just last year threw its own debt brake out the window for the sake of military spending ๐
Very fiscally responsible...
I also wonder how fiscally responsible it is to keep giving Ukraine tens of billions of Euros it will never be able to repay.
I wonder how fiscally responsible it is to shunt all your dirty industry to Poland, financialize your economy, and become entirely dependent on imported energy, all while criticizing your neighbors for investing in infrastructure
Greece!