Recent comments in /f/UpliftingNews

rnargang t1_j6svag7 wrote

The eventual transition is a no brainer given the cost savings of renewables compared to fossil fuels. The Ukrainian war just accelerated it to reduce European reliance on Russian fossil fuels. It's a big upfront capital investment for Europe but they will be in an enviable position going forward when they don't have to rely as much on fossil fuels and their price volatility. I also wonder what it will mean for internal growth and investment. Rather than continually spending tens of billions of Euros in the international fossil fuel market, they will be keeping much of those expenditures and reinvesting it elsewhere. I'm curious to see the long term effect of that.

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