We would have to multiply electricity production more than tenfold to have the amount sufficient to power our country and its cars, if all electric. That is why stopping internal combustion engines in 2035 is basically unrealistic.
"Energy Sovereignty" is a book that serves to alert us to the challenges now and those to come, but it also tries to offer insights into seeing the light at the end of the tunnel. The problems related to rising energy prices, although serious, are not insurmountable.
On May 9, 2022, the conference "Sustainable Finance Serving the Country: Current Situation and Future Strategies" was held at the Chamber of Deputies. Under discussion was the introduction of ESG ("Environmental Social Governance") rating in tenders.
The Europarliament has voted in favor of Commission measures to ban diesel, gasoline and LPG cars from 2035. An environmentalist move, however, that may have no impact on the environment. While it may have it on the lower and middle classes.
As timely as taxes, yet another prediction by the "conspiracy theorists" turned out to be correct: Italy will lead the way and serve as a test case in Europe for the introduction of a social credit system, where citizens will be rewarded for their "good behavior."
Taiwan's TSMC is planning and considering opening a new manufacturing plant in Europe. The choice on where to locate it is between Europe's two most important manufacturing economies, Germany and Italy.
There are 100 billion cubic meters of gas that the EU no longer intends to import from Russia, already by 2023. Even in the most optimistic estimates, there is still a deficit of at least 60 billion cubic meters of gas.
I visited the ITER Hydrogen Fusion Research Center in Cadarache (Marseille). This is an international project under construction by an international consortium to build a hydrogen fusion reactor to generate electricity.
According to Acemoglu, between 50 and 70 percent of the economic disparities created between 1980 and 2016 can be traced back to having machines and algorithms perform tasks that were previously done by flesh-and-blood humans.
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