The winds of modify are howling across Europe, and they’re not powered by turbines. In recent months, the once-unshakable European consensus in favor of aggressive net-zero climate policies has fractured under the weight of skyrocketing energy costs and economic reality. With the war in Iran driving up oil and natural gas prices, the pressure on Europe is now even higher.
Rewind to 2017, when French president Emmanuel Macron proudly declared, “If in the years ahead, we don’t have a significant price of carbon per ton to allow for a profound modify in our economies, then it would be worthless.”
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