🧵Europe’s Green Deal is unraveling.
Centrally planned climate targets have delivered higher energy costs, industrial decline, and political revolt instead of the promised green utopia.
While Europe stagnates under mandates, America shows what market-driven progress looks like.
Thread 🧵
2/ Electricity in Europe now costs two to three times more than in the U.S. or China.
Taxes make up nearly a quarter of the bill. Binding net-zero rules, nuclear phase-outs, and unreliable renewables have created volatility and strangled industry.
Energy can be 30% of production costs. The result: deindustrialization.
3/ The auto sector reveals the damage.
It represents 7% of EU GDP and 14 million jobs. The 2035 combustion engine ban is forcing a rushed EV shift.
86,000 jobs lost since 2020. Up to 350,000 more at risk. Mercedes CEO warned they’re driving “full speed into a wall.”
4/ Agriculture is another casualty.
Needlessly strict rules on pesticides, fertilizers, and land use are raising costs and cutting yields. Small farmers are hit hardest.
Widespread protests across Europe show the political cost of top-down targets that ignore reality on the ground.
5/ Germany’s Energiewende should be the warning label.
$800 billion spent since 2002. Electricity prices up to five times higher than America’s. Nuclear plants closed, offsetting renewable gains.
Analysts say keeping nuclear could have cut emissions 73% at half the cost. Ideology over engineering.
6/ The backlash is now undeniable.
2024 EU elections fractured the green consensus. Brussels is quietly weakening rules and avoiding the words “Green Deal.”
The Commission admits the transition needs at least €260 billion in extra annual investment — up to 12% of EU GDP.
The economy can’t carry it. Over the last 15 years, failed policies have reduced Europe from a larger economy than the U.S. to just 2/3 of U.S. GDP.
7/ America took a different path.
Since 1990, U.S. emissions fell while the economy more than doubled — driven by markets, cheap natural gas, and expanding renewables. No central planners dictating winners.
The lesson is clear: real innovation comes from competition and technological neutrality, not mandates and five-year plans.
Check out my daily geopolitical analysis. Link in my bio.
Share this Scrolly Tale with your friends.
A Scrolly Tale is a new way to read Twitter threads with a more visually immersive experience.
Discover more beautiful Scrolly Tales like this.