China’s Energy Build Drives GDP Growth While Europe Has a Drag From Low, Costly Energy
by Brian Wang from NextBigFuture.com on (#74R2E)
Europe's restrictive energy policies-characterized by lengthy, fragmented permitting (often 7-10+ years for renewables and industrial projects), heavy environmental/regulatory burdens, NIMBY/local opposition, carbon pricing (ETS), and phased-outs of reliable baseload (nuclear/coal) without rapid replacement-have led to persistently high energy costs, volatility, and slow infrastructure rollout. China has a permissive pro-growth energy approach. State-directed fast approvals, massive ...