Lessons from Europe: Recipe for a high-cost energy system
Communities Digital News
26 May 2015
CHICAGO, May 26, 2015 — While President Obama promotes renewable energy and members of Congress argue about energy policy, a renewable energy disaster is unfolding in Europe. Driven by a desire to halt climate change, Europe has created a high-cost energy system where everyone loses. U.S. policy leaders should learn from the debacle occurring overseas.
European energy policy today is dominated by the European Climate Change Program (ECCP), which was established by the European Community in 2000. The program called for the nations of Europe to adopt measures to cut greenhouse gas emissions. The goal was for Europe to collectively meet the targets of the Kyoto Protocol climate treaty signed in 1997.
The ECCP was based on two assumptions. The first was…
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