In a context of ever-growing inequality, energy prices have been on everyone’s lips over the past year. Even in a rich continent such as Europe, there has been widespread concern about how much low-income households must spend on their bills. A related worry is the impact of the energy crisis on industry and thus on manufacturing jobs. On the one hand, reliance on catastrophically dirty fossil fuels means that factories are now exposed to massive cost hikes. On the other, the adoption of renewable energy implies large-scale economic restructuring, including the destruction of many existing jobs and increased demand for several raw materials. This article has been translated in Italian (https://www.leparoleelecose.it/?p=45907) and Spanish (https://vientosur.info/por-que-europa-debe-abordar-el-problema-de-la-desindustrializacion-nociva/).
Europe’s Industry and the Ecological Transition
Lorenzo Feltrin;
2023-01-01
Abstract
In a context of ever-growing inequality, energy prices have been on everyone’s lips over the past year. Even in a rich continent such as Europe, there has been widespread concern about how much low-income households must spend on their bills. A related worry is the impact of the energy crisis on industry and thus on manufacturing jobs. On the one hand, reliance on catastrophically dirty fossil fuels means that factories are now exposed to massive cost hikes. On the other, the adoption of renewable energy implies large-scale economic restructuring, including the destruction of many existing jobs and increased demand for several raw materials. This article has been translated in Italian (https://www.leparoleelecose.it/?p=45907) and Spanish (https://vientosur.info/por-que-europa-debe-abordar-el-problema-de-la-desindustrializacion-nociva/).
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