Panorama Europe 2018

After about a decade and a half of energy directives, we see that some important progress has been made on
reducing total EU-28 energy use, but thinking that carbon reduction targets are going to be met appears
questionable, and thinking that further major reductions are still to be achieved verges on delusional.

On the other hand, energy reductions achieved should be applauded. Further major reductions do not make sense
economically, and if the twilight of the “climate change” movement progresses at the current pace, possibly
energy security and energy efficiency can be fused in sensible ways. The current energy efforts can perhaps
be stabilized to attempt to hold EU-28 energy use at current levels. The figure below shows current (May 2018)
Eurostat energy data for the EU-28 through 2016.

The economic downturn from 2007 through 2012 did much to reduce total energy use, but the reductions
are holding through 2016, with only a slight upturn after 2014.

The cost of over-the-top renewables investments have led to excessive increases in some energy costs,
and major pushback on renewables has begun in many locations throughout the world. Even the
politicians are beginning to take notice in Europe (voters are making themselves heard). But entrenched
climate-fixing bureaucrats appear still too isolated from reality, so more time will be needed to allow sanity
to filter into those rarer climes.

The optimum level of renewables investment is not understood at this time, and instead phony numbers on
the costs continue to prevail in too many evaluation studies. Real-world data are showing alarming cost
increases and unsatisfactory impacts on energy system stability. A pause is needed to more accurately
assess what optimum investment levels truly are.