By Jo Nova

The impossible conundrum: Going Netzero cancels your ability to get to Netzero

The industrial death spiral grows: Europe is the king of renewables and it’s also got the most expensive energy in the world making it impossible for the EU to make the things it needs to get to NetZero.

The EU lost their solar panel factories to China years ago, and the wind industry was worried they were going the same Sino way the solar industry went. A few months ago, the Vestas chief admitted that they were losing money on every wind turbine they sell. (Good thing their orders were collapsing, eh?)

Now the Volkswagen chief warns that things are so expensive, it soon won’t be viable to make electric cars and batteries in Europe either — which must be a bit of nasty surprise given that they just started building the first of six planned battery factories in Europe.

How fast those balance sheets change…

Naturally, the whole industry is calling for more subsidies. Obviously they can’t ask for what they really need, cheap energy.

‘We are treading water:’ An energy crisis is grinding European industry to a halt as the U.S. and […]