Can Europe Afford Its Energy Transition? ...Middle East

OILPRICE - Economy
Can Europe Afford Its Energy Transition?
Climate finance is a white-hot topic right now. The COP2 delegates failed to agree on a generous enough deal for the transition in developing countries; in the U.S., project Veritas revealed that the EPA was funneling billions into climate activist organizations ahead of Trump’s presidency to ensure continued pressure on the government; and in the EU, a think tank put a price tag on the transition. The EU cannot afford it. Bruegel, the Brussels-based energy outlet, published a policy brief this week focusing on what the EU needs to get to…

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