European countries have led the drive to adopt green energy policies. Their collective experiences provide a sobering message for the rest of the world on the costs and ineffectiveness of green energy policies.
When energy costs rise, it affects almost all other costs in a society. It leads to more regulation, rising costs, rising taxes, rising subsidies, rising indebtedness and rising inflation. It is also leading to deindustrialization as European manufactured goods become increasingly uncompetitive.
