This is true. The one European country that is riding out this energy shock driven economic crisis relatively easily is France, which had an energy monopoly company EDF which also had the know how and scale to build nuclear plants, for the UK.
https://twitter.com/ElizabethBangs/status/1557628720315351041
Doubtless it will cause apoplexy in some quarters to just say this, but the complexity of the coming #greentransition requires scaled investment and change that the private sector is unable to deliver in a timely or cost effective manner. It’s time to face reality.
Addressing the transformational challenge of #climatechange is analogous to fighting a war. Only at a global scale over a much longer time frame. A much larger and more complex task.
Markets can certainly help deliver (& EDF is a company), but centralised planning is needed.
Markets can certainly help deliver (& EDF is a company), but centralised planning is needed.
It’s helpful in a way that the neo-liberal hot mess that is post-Brexit Britain is demonstrating the phenomenon of regulated market failure so clearly.
It breaks catastrophically when it reaches edge conditions that are outside the scope of its design.
It breaks catastrophically when it reaches edge conditions that are outside the scope of its design.
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