Europe’s Energy Crisis Underscores The Dangers Of The Proposed Clean Electricity Performance Program

  • Date: 14-Oct-2021
  • Source: Forbes
  • Sector:Oil & Gas
  • Country:Gulf
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Europe’s Energy Crisis Underscores The Dangers Of The Proposed Clean Electricity Performance Program

RUNCORN ENGLAND - SEPTEMBER 27: Wind turbines and electricity pylons dominate the landscape at Ince ... [+] Salt Marshes near to chemical and manufacturing plants on the River Mersey estuary on September 27, 2021 in Runcorn, England. Rising prices of natural gas in the UK have pushed several energy suppliers out of business this year, with other industries warning of knock-on effects, such as the production of carbon dioxide, which is widely used by the food and drink industry. Power generated by wind turbines has also dropped by up to 20% in the last few months due to calm weather across the UK. (Photo by Christopher Furlong/Getty Images) If Washington policymakers want to see what happens when you push renewable-energy mandates too far, too fast, they only need to read the news stories coming out of Europe. Last month, the Associated Press reported that "The European Trade Union Confederation, which represents 45 million members, said that 15% of the EU's working poor - the equivalent of 2, 713, 578 people - lacks enough money to turn on the heating." On Sunday, the news outlet Mucia Today reported that in Spain, "The cost of electricity is still a staggering six times