Markers Along The Road To The Death Of Net Zero
/What will the death of the green energy illusion look like?
From time to time (see, for example, here and here) I have described a vision where some state or country runs headlong into a “green energy wall” — an impassable barricade of physical impossibility, characterized by scarcity and blackouts, into which the country crashes suddenly. Among the net zero zealot countries I have identified as the leading candidates for imminently hitting such a wall are Germany and the UK.
But perhaps, instead of a sudden crash, the demise of the green energy illusion will look more like a slow but steady decline, a gradual withering of economic activity and prosperity.
In this scenario, high energy prices brought about by energy restrictions drive important industries out of business and, as good jobs disappear and energy prices increase, the people gradually and inexorably get poorer.
Recent events in the UK and Germany seem to point in the direction of this type of scenario.