So old slow Joe Biden has bravely issued an executive order requiring all federal agencies to be carbon-neutral by 2050. Meanwhile, back in the real world:
Europe’s energy crunch is set to last as electricity prices climbed to fresh records, fueling inflation and raising bills for millions of households and industries across the continent.
Power prices for delivery next year surged over 15% in Germany and almost 14% in France by Wednesday’s market close as freezing weather has forced European utilities to burn more gas, coal and even oil to keep the lights on. High prices this month are spilling into futures contracts for the following years, a sign that the crunch could last longer than many expected.
But I thought all that shiny new “renewable” energy was supposed to be cheaper than fossil fuels?
And if China is going to cut back on coal, they sure aren’t making much progress: