alt Hacker NewsThe difference is Europeans expect government to "fix" things. Americans expect companies to do that.
Eg, the disastrous energy policies all across Europe which have made price of energy insanely high with no hope of ever coming down (these high prices are all locked in with long term contracts).
America just builds lots of new power. Because of fewer market distorting policies the new power comes online at cheaper marginal rates so the price doesn't go up. And now Texas has some of the greener and cheapest energy in the West.
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ZeroGravitas • today at 11:03 AM
Texas's CO2 per KWh of electricity (which is roughly equal to the US as a whole) at about 330 is equidistant between China's (470) and EU's (190) it is not close to the greenest in the West.
America has a lot of cheap fracking gas. Europe imports this gas from US in form of LNG at much higher prices.
The Russian gas is cheaper, but paid by Ukrainian blood.