EU Green Deal Should Be Canceled Because of Coronavirus, Czech PM Says

Posted: March 17, 2020 by oldbrew in climate, ideology, opinion, Politics
Tags: , ,

Not much chance of that in the absurdly climate-obsessed EU, but maybe a popular view in his home country given the massive costs and lack of worthwhile benefits of said ‘deal’.

Will COVID-19 be a reason to accelerate or slow Europe’s energy transition? The battle lines are already being drawn, says green Tech Media.

The Czech Republic’s prime minister, Andrej Babiš, has said the European Union should abandon its Green Deal and focus on fighting the spread of the coronavirus in an early sign of policy battles ahead.

Announced in December, Europe’s Green New Deal seeks to invest €1 trillion ($1.1 trillion) on the road to making the EU economy net-zero carbon by 2050.

This would include a huge offshore wind build-out, accelerated electrification of heat and transport, the development of large-scale carbon capture projects and hydrogen storage and infrastructure.

But from the start, the plan came under heavy scrutiny from the coal-heavy Czech Republic, Hungary and Poland, and the COVID-19 crisis appears to have opened a new avenue for attack.

“Europe should forget about the Green Deal now and focus on the coronavirus instead,” Babiš told reporters on Monday.

Hungary and the Czech Republic had called for more support to transition away from fossil fuels. As it stands, funding for that process totals €100 billion.

An excuse for a green stimulus?

Even in these early days of the global pandemic, questions are being asked about whether the crisis will help to accelerate the push toward lower-carbon energy resources or slow it down. The price of oil has fallen to multiyear lows with no end in sight, potentially changing the way the oil majors think about their future.

“This whole crisis could eventually springboard a greater push toward a green economy,” said Brian Gaylord, principal analyst for Latin America and Southern Europe at Wood Mackenzie Power & Renewables.

“After the economic impact of this virus, we’ll need to try to kick-start the economy in some way. You’ll see a potential way of trying to make the economies really push more drastic, more concerted efforts toward the energy transition.”

But for now, Gaylord said, governments are “just trying to keep the lights on.”

The International Monetary Fund has issued three recommendations to protect economies against the impacts of the virus. It calls on banks to be flexible in their approach to debtors, central banks to pull their various levers including slashing interest rates and finally, for wide-ranging stimulus packages.

Europe’s Green Deal could provide something for a stimulus package to coalesce around. But as the remarks from the Czech prime minister make clear, there will be an instinct from others in government to move in a different direction.

Full article here.

  1. gds44 says:

    Reblogged this on Gds44's Blog.

  2. ivan says:

    EU Green Deal Should Be Cancelled end of. It is all part of the NWO push to bankrupt the countries and allow the likes of Goldman Sachs to buy and control them.

    This virus also appears to be over hyped and one has to ask why? Maybe a look at Event 201 might give the answer.

  3. oldbrew says:

    “After the economic impact of this virus, we’ll need to try to kick-start the economy in some way. You’ll see a potential way of trying to make the economies really push more drastic, more concerted efforts toward the energy transition.”

    Eh? Some kind of make-work schemes in the offing?

  4. Graeme No.3 says:

    Make work indeed. Build lots of wind turbine farms. By the time the number necessary have been installed it will be time to demolish the old ones and replace them. The only problem is that they will have to import the turbines from China & India as the rise in electricity costs will bankrupt the local manufacturers.
    Nor will the voters be happy with the plan. They may well demand an end to the obsession and the replanting of the forests destroyed for the wind farms. Then the slow recovery of wild life might occur.

    And my geographic knowledge is obsolete; where will the Czech Republic install off-shore wind farms?

  5. BoyfromTottenham says:

    IMO if oil stays below US$30/bbl after the virus abates this will be a pretty good stimulus for the global economy in itself. If a whole bunch of zombie banks and companies (and maybe even some zombie countries) go bust, interest rates normalise, the share market gets back to sensible PE ratios and house prices become affordable, that would represent a really good basis for an economic recovery (in the West at least). And of course if the bankruptcies included a load of ‘renewable energy’ scammers that would be the icing on the cake. But will it happen?

  6. oldbrew says:

    The Czechs already had to put tech barriers in place to stop Germany using its electricity grid as a route to export surplus solar and wind power. If they buy a few zillion batteries at insane cost they can store those surpluses 😄

    Germany’s Renewables Revolution Destabilises Neighbours’ Electrical Grid
    Date: 18/02/17, The Wall Street Journal

    Germany’s excess power spills over the border into Polish and Czech territory and threatens their electrical grids with collapse, companies and governments there say.

  7. Phoenix44 says:

    The idea the Green New Deal is a “stimulus” is utterly false. A stimulus needs to produce new, additional demand, not close down existing demand and reduce productivity.

    Putting power station workers out of work is the exact opposite of a stimulus. And putting car workers out of work to employ car workers on EVs is at best a net zero, but at worst a huge negative as the new jobs will be producing goods people cannot afford.

    But I doubt if economics will matter in this supposedly economic decision.

  8. oldbrew says:

    Digging the trenches: The EU and the Green Deal

    The Green Deal is set to create new divides in the EU. Conflicts are already brewing, and not just between eastern and western member states.

    With the Green Deal, the EU seeks to become a pioneer in the fight for the planet’s survival.
    No end to their blinkered pomposity.

    The article concludes:
    Without a doubt, with the Green Deal the EU will stand or fall. The outcome of that challenge today is uncertain.

  9. oldbrew says:

    Poles not happy either.

    EU should scrap emissions trading scheme, Polish official says with Reuters 17 Mar 2020 (updated: 18 Mar 2020)

    The European Union should scrap its Emissions Trading System or exempt Poland from the scheme, which helps combat global warming, to free up funds for Warsaw to fight the effects of the coronavirus, a senior Polish official said.
    – – –
    the scheme, which helps combat global warming

    In your dreams 🙄