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submitted 1 week ago by yogthos@lemmy.ml to c/europe@lemmy.ml
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[-] yogthos@lemmy.ml 18 points 1 week ago

The EU cut itself off from Russian oil and gas. Industrial energy costs are already two to three times higher than its competition, and that's even before the new shock with energy supply from the Middle-East being cut off. And their move is to deliberately raise the cost and slow down the rollout of Chinese solar, the cheapest and fastest-deploying form of electricity in the market, on the pretext it's a security threat. You'd think the bigger security threat would be having your industrial base relocate to countries that didn't voluntarily price themselves out of energy.

[-] MattEagle@hexbear.net 12 points 1 week ago

Don't worry! That's actually 100% A-Okay as long as the relocation isn't in china

[-] yogthos@lemmy.ml 12 points 1 week ago

trust the plan

[-] orc_princess@lemmy.ml 11 points 1 week ago

Is this just an extension of oligarchs prioritizing their portfolios in US stocks and the like or am I missing something

[-] yogthos@lemmy.ml 10 points 1 week ago

I can't think of a better explanation

[-] Soot@hexbear.net 8 points 1 week ago* (last edited 1 week ago)

Yep, simple fossil fuel (and other) lobbying so they can get more government money instead, no matter how less efficient.

[-] TiredTiger@lemmy.ml 8 points 1 week ago

This makes more sense than all that blathering about "security".

[-] HiddenLayer555@lemmy.ml 12 points 1 week ago

Nothing like screwing over Europeans to own the Chinese. I'm sure Xi is devastated.

[-] yogthos@lemmy.ml 9 points 1 week ago
[-] Soot@hexbear.net 9 points 1 week ago

So we're really gonna give up on this suddenly very successful renewable switch and instead kill humanity just to own the Chinese huh classic

[-] yogthos@lemmy.ml 9 points 1 week ago

otherwise daddy would get mad

this post was submitted on 05 May 2026
23 points (100.0% liked)

Europe

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