The West Is Suffering The Consequences Of Poor Energy Decisions

There has been an unspoken assumption that the West knows what it’s doing because it has been doing it longer than the East. Almost all developed economies are in Western Europe and North America. Yet recently, the tables have turned in one vital respect: energy policy. During the last few years, the EU has doubled down on its ambition to become the world’s first net-zero region.

It has built up massive amounts of renewable energy, has slated huge investments in green hydrogen, and has been adopting policy after policy to discourage…