The destruction of industry in the UK and EU
Yet another interesting discussion by the Energy realities team.
From here:
(28) Europe’s Energy Implosion - YouTube
“Europe’s Energy Implosion is looming, and it seems like they are making all of the wrong decisions. What was once the poster child for Green Energy is now the hallmark of deindustrialization and fiscal collapse. You won’t want to miss this episode of the Energy Realities Podcast with David Blackmon, Tammy Nemeth, Irina Slav, and Stu Turley.”
“The main topics and themes discussed in this Podcast include:
1. The energy crisis and deindustrialization in Europe:
The European Union’s policies around net-zero emissions and their impact on heavy industries like chemicals, steel, and manufacturing
The contradiction between the EU’s net-zero goals and the need for energy-intensive defense capabilities
The risk of companies moving production out of Europe due to high energy costs
2. The geopolitics of energy:
The EU’s dependence on Russian energy and the implications of the Ukraine war
The potential for the EU to resume buying Russian gas and oil after the war
The role of the United States as an LNG exporter and the EU’s efforts to diversify its energy sources
3. The governance and decision-making in the European Union:
The centralization of power in the EU and the erosion of national sovereignty
The use of financial leverage by the EU to enforce its policies on member states
Concerns about the EU’s undemocratic tendencies and manipulation of elections
4. The climate change debate and policy:
The fixation on CO2 emissions reduction as the primary environmental priority
Critiques of the EU’s “emissions mania” and the regulatory overreach in the name of climate action
The role of carbon credits and emissions trading schemes
5. The broader context of policy failures and unintended consequences:
Examples of failed policies and initiatives in the automotive and energy sectors
The lack of foresight and consideration of unintended consequences by policymakers
The disconnect between rhetoric and reality in the implementation of policies
The Energy Realities team talks about environmental policy, highlighting the complexity and contradictions within the European Union’s approach to these issues. *1. Europe’s Energy Crisis and Deindustrialization* The conversation focuses heavily on how the EU’s net-zero emissions policies are creating severe economic consequences. Heavy industries—chemicals, steel, and manufacturing—are facing unsustainable energy costs and are relocating production outside Europe. There’s a fundamental contradiction highlighted between pursuing aggressive net-zero goals while simultaneously needing energy-intensive defense capabilities. *2. Geopolitics of Energy* We explore Europe’s complex energy relationships, including:
Historical dependence on Russian energy and the implications of the Ukraine war
Speculation about whether the EU might resume purchasing Russian gas and oil post-war
The US role as an LNG exporter and Europe’s efforts to diversify energy sources
*3. EU Governance and Sovereignty Issues* A critical theme is the centralization of power within the EU and erosion of national sovereignty. The discussion covers:
How the EU uses financial leverage to enforce policies on member states
Concerns about undemocratic tendencies and manipulation
The tension between central EU authority and member state independence
*4. Climate Policy and Environmental Regulation* The transcript critiques the EU’s approach to climate action, including:
An alleged fixation on CO2 emissions reduction as the sole environmental priority
“Emissions mania” and regulatory overreach in climate policy
The role and effectiveness of carbon credits and emissions trading schemes
*5. Policy Failures and Unintended Consequences* A recurring theme is how policies in automotive and energy sectors have failed to achieve their intended goals, with policymakers lacking foresight about broader consequences and a disconnect between policy rhetoric and real-world implementation.
Key Chapters:
02:39 New trading blocs based upon Energy Policies
04:46 Net Zero and the EU
11:02 The US can get along without the EU market
15:51 EU control is financial
17:55 Gaslighting at its finest
22:14 Is the EU going to buy Russian Gas after the end of the Ukraine War?
31:26 Great chart at the EPA on historical air quality
45:42 Pay to Play in the UK
At the vry least this should prompt rational thought and discussion!
Here’s a little more context that the UK seeks to align with in 2027 from Brave AI:
“75% of CBAM revenues are allocated to the EU budget, primarily to support the repayment of NextGenerationEU recovery loans. The remaining 25% is retained by the individual EU Member States.
The European Commission has not yet finalized how the funds will be spent beyond the budget allocation, and the long-term use of revenues remains a subject of policy discussion.”
“The EU Carbon Border Adjustment Mechanism (CBAM) began its definitive phase on January 1, 2026, requiring importers to purchase and surrender CBAM certificates based on the embedded emissions in covered goods.
Revenue estimates vary, but recent projections suggest CBAM could generate around €9 billion annually by 2030, rising significantly over time as carbon prices increase.
The first full year of certificate payments is expected in 2027, covering emissions from imports in 2026.
Revenues are collected by EU Member States, with 75% transferred to the EU budget starting in 2028, and 25% retained by Member States.
Initial estimates from 2023 projected €1.5 billion per year by 2028, but this has been revised upward due to higher EU ETS carbon prices (which have risen fivefold since 2018).
The total revenue is expected to grow substantially, potentially reaching over €73 billion by 2040, according to medium-term forecasts.
While the exact amount collected depends on carbon prices, trade volumes, and emissions data, CBAM is expected to become a significant, though not dominant, source of revenue for the EU.
73 billion euros equates to over a quarter per cent of EU GDP of 22.1 trillion euros. My gusstimae is tht the CBAM will raise 0.5 per cent of EU GDP by 2030 – A NEW TAX!!!
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Onwards!!!
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