The European Union’s radical green agenda risks sparking widespread political unrest as seen during the Yellow Vest movement in France as energy prices soar throughout the bloc.
According to the consumer prices index, energy costs have risen by 15 per over the past year in the EU, as Brussels continues to push its plans to decarbonise Europe’s economy by the year 2050.
Toby Couture, director at consultancy at the Berlin-based renewable energy consulting firm E3 Analytics waned that the green transition could see political unrest across the bloc.
“As we start phasing out coal and nuclear capacity that’s been in the system for decades, there’s a risk that prices will have to rise further,” he told the Financial Times.
“If it starts jeopardizing power reliability and significantly increasing energy prices that people pay, it could lead to significant political pushback.”
The problem of rising energy prices has so far