If we measure the vibrancy of an economy by its energy use, the EU peaked in 2006 and is down 10%. The UK, alas has fallen even further and faster and is down 30%.
John Constable at the GWPF has produced a damning report on Europe’s Green Experiment and remarked that there hasn’t been a fall in energy this large “since the end of the late middle ages”.
Effectively, the EU paid €770 billion to export it’s carbon emissions and jobs to China and import nearly everything else.
- The study shows that up until 2005 the EU’s energy consumption was on a rising trend, but it has now fallen by over 10% on the 2006 peak, and is now back at levels last seen in the 1990s. The UK is even more severely affected, with consumption falling by about 30% on its peak in the early 2000s and is now at levels last seen in the 1950s.
- Further analysis reveals that electricity generation productivity has collapsed, with system load factor falling from an adequate 56% in 1990 to a worryingly inefficient and expensive 37% in 2020."
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