TIME FOR A RE-THINK BEFORE WIPE-OUT

We could put restrictions and tariffs on Chinese solar panels, or electric vehicles, but how can we do that when we have legally mandated targets to increase the share of alternative energies and motor vehicles?

The price tag is already fearfully high, and we have miserably failed to build up the capacity to make our own equipment at competitive prices. If given a choice between net zero and economic success, our politicians are disturbingly clear which takes precedence.

It’s the same story throughout the economy. We have allowed energy prices to soar, planned to close down our own offshore oil fields, and held back the growth in fracking even as it has delivered economic booms in North America.

We have ignored the fact that these choices are putting companies out of business – and are allowing Chinese rivals with far lower power costs to trample all over European businesses.

The harsh truth is that China has weaponised net zero, and turned it into a way of seizing industrial leadership. America is responding, admittedly perhaps too late, and with too much state control. But Europe and the UK have been left floundering, and their industry is about to get wiped out. Read it all here:

 Europe faces industrial wipe-out | NOT A LOT OF PEOPLE KNOW THAT (wordpress.com)