Real Energy Transition Costs Could Spell Danger for EU

When the European Union approved its Green Deal, it was done to much fanfare and sparkles. Now, the fanfare and the sparkles are a distant memory as the EU grapples with the actual “how” of the transition equation it wrote for itself. Being quiet on the real costs of the transition push has not helped it, either. It’s not that the EU is not admitting the transition would be costly. The European Council calls the necessary investment “enormous”. It also says that the EU had set aside some 580 billion euro,…