According to an analysis, at least one trillion euros would have to be invested in order to make Europe independent of Russian oil and gas as part of “REPowerEU”. Who should pay for this? And not only that: Europe would have to be virtually de-industrialized.
The US elites and the transatlanticists in Europe want to almost completely separate the old continent from Russia. Especially in relation to the energy supply. The escalating Ukraine conflict has created the broader basis for building up the appropriate pressure and creating a certain amount of support among the population. The Western sanctions are meanwhile causing exploding costs for energy sources, which the political leadership blames on Vladimir Putin. This passing of the buck also serves to implement its own plans (initiated by the World Economic Forum) to “decarbonize” Europe. But this has its price.
The “REPowerEU” program of the Brussels Eurocrats aims to reduce the European Union’s dependence on fossil fuels from Russia and at the same time make the international community “greener” and “more sustainable”. A new calculation by Rystad Energy however, makes it clear that this will be very expensive. Achieving the goal of increasing the share of renewable energies from 40 to 45 percent of the energy supply by 2030 alone will require at least one trillion euros in investments. More likely, however, more than 1.2 trillion euros.
The installation of photovoltaic systems alone (411 gigawatts by 2030) would cost around 452 billion euros. Plus corresponding capacities for the temporary storage of electricity (solar energy is only available at certain times of the day). But even that would not even come close to meeting the demand. Rystad Energy estimates that an additional 450-490 GW of wind power capacity would need to be installed by 2030 to reach the 45% renewable energy supply target, which would require an additional investment of €820 billion.
“The ambition of the REPowerEU plan is enormous. Energy companies and energy markets will be looking for details on investments and infrastructure. While the goals are achievable, it will require war-like planning, high levels of investment, construction and production to reach the goals by 2030.”, says Carlos Torres Diaz, Head of Energy Research at Rystad Energy. A covert reference to the inefficiency of the European authorities, which is likely to make it difficult to achieve these goals. In particular because this sum roughly corresponds to Spain’s economic output in one year.
Of course, the goal can also be achieved more easily if you consider the demand for energy significantly reduced. For example, by promoting the deindustrialization of Europe. The less (heavy) industry there is in Europe, the less energy is consumed. But that also means that in order to achieve the ambitious goals, the Brussels eurocrats would have to make Europe even less attractive as a location for these companies than it already is in view of the high costs and requirements. The resulting mass unemployment then drives people into support for a “Universal Basic Income” that serves the World Economic Forum’s dystopian goals for the “Great Reset.”
