4 Factors Hamstringing Europe’s Renewable Energy Sector
Europe sits on a major renewable energy opportunity that keeps slipping through its fingers. Costs have fallen sharply, the technology works, and the strategic case for cutting fossil fuel dependence has never been more obvious. Four stubborn obstacles, however, are standing between the continent and the clean energy future its own economics demand. Entrenched industrial resistance is the first. Key manufacturing sectors, including automotive, chemicals, and steel, have spent years postponing the shift to modern production methods, even as workable alternatives have been commercially available. The long-running political battle over phasing out combustion engine vehicles is the most visible symptom.…