alt Hacker NewsWhat is the value of the EU if's it not coordinating multi-national scale efforts?
This would need to be a joint venture as some places are really good for wind, and some places are really good for solar, but not every country on their own has access to those locations. The budget for the EU doesn't matter, because this project would be a separate line item with it's own funding.
Energy independence is extremely valuable. Way way way more valuable then $250B or even $500 or $750B for that matter. Society runs on energy, and if it's not fully yours, you are always a rug pull away from social collapse.
If 2022 was a cold winter, and America had a cold leader, this project probably would have breezed through the bureaucracy in a week.
> What is the value of the EU if's it not coordinating multi-national scale efforts?
Remember the EU is just a fancy self-updating free trade agreement, not a nation.
The coordination that the member states have thus far allowed the EU to take responsibility for is ~ "make all our rules be equivalent so everyone's degrees are accepted everywhere, everyone's food is accepted everywhere, we all agree what counts as a safe consumer product, limited range for tax shenanigans, etc."
(And for this, they get denounced as "complex" and "bureaucratic").
Actual direct investments do also exist, I just missed out on one for startups 20 years back apparently due to a rules change, but it's peanuts compared to what member state governments do directly.