HomeMediaLatest NewsIt's too late to hide in corners: the "green deal" has become a scourge for Europe

It's too late to hide in corners: the "green deal" has become a scourge for Europe

05 November 2021

Belogoryev Alexey M. Research and Development Director, Director of the Center for Energy strategic analysis and forecasting

Alexey Belogoryev, Deputy Principal Director on Energy Studies of the Institute for Energy and Finance, commented on the prospects for implementing the "green deal" terms in Europe by 2050 to the Baltnews internet portal.

Perhaps massive investments in expensive renewable energy sources are namely needed to somehow slow down the dollar inflation. By the way, in the United States in 2021, inflation, according to the head of the United States Treasury, Janet Yellen, has doubled and will continue to grow next year.

Whether this process will stop thoughtless investment in "green energy" is still a controversial question. But in any case, the simple consumer will have to pay for all this (electricity is getting more expensive). And, of course, the accompanying bonus is a crash at the seams of the entire energy security of countries that are ready to continue investing in renewable energy in spite of everything.

However, Europe, according to Alexey Belogoryev, will not be deterred. Yes, now the energy crisis forces the use of coal and gas more often, but in general, 2021 will not change the situation with the climate agenda in the Old World.

"Such countries as Poland, where a large amount of generation is tied to coal, will resist. But the most economically developed countries of the EU, like Germany, do not intend to deviate from the" green deal "in the future. The results of the recent elections in Germany, as well as the reluctance of politicians carry out any reforms in the energy sector, have shown that Berlin will not abandon the idea of ​​an energy transition.

The spread of renewable energy sources will be more resisted in Eastern Europe, where there is still a lot of infrastructure that uses gas and coal. But in the west and north of the EU, "green energy", as soon as the crisis subsides, will be promoted, perhaps even more intensively than in 2020 and 2021, "the expert summed up.

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