Meanwhile European chemical manufacturing is collapsing under weight of record energy costs.[1][2] Most of other manufacturing is somehow tied to chemicals, you can't build things without material after all. So this will feed ongoing industrial collapse, which now affects even Germany.[3] Meanwhile, low income households are running into financial issues if they want to turn up the heat.[4] The whole process has been…
Why "abundant cheap energy is a key requirement to survive in today's globalized markets" has not made it into the EU leaderships' mindset is beyond comprehension.
Energy price is just one of many inputs for the viability of industry.
Availability of (educated) labor, wage level, infrastructure, political stability and a ton of other factors are at least as if not more important.
Why should we keep tolerating irreversible damage to planet/climate just to keep costs/prices low? If you can't produce some shit sustainably because that makes it too expensive, then maybe it should not get produced in the first place?