Lagarde: Europe’s road to renewables

Lagarde talks about wanting sustainable, secure and affordable energy. Then doesn't mention nuclear energy at all (not one word!). Nuclear has to be part of the energy mix!

Europe pi$$ing in the wind as always - we need to get our acts in gear instead of chatting rubbish and doing nothing whilst the Chinese and Americans get on with things.

Unfortunately these renewables are anything but sustainable. They keep saying that they are able to meet the high energy demands. But are yet to actually prove it. God help them now with the exuberant energy demands of AI. AI wasn't even in the picture back then.

Only need to look at Australia. The high failure rate (cheap China parts failing early a problem). Low real-world energy output vs text book Lucy in the sky assumptions. Metal doesn't bode well with salt air. They are all rusting out much sooner than anticipated and need replacement/repair. They can't generate enough power to melt steel yet so they need to ship ore over to China. Have them toast it with Australian Coal. Then ship it back so that they can replace a blade that the size of a 2x large road trains.

All clear signs of going in way too early without doing your research.

I hope you don't make the same mistakes with your trades. The perks I guess politicians have when you can mess around willy-nilly with Other People's Money.