Fossil fuel generation is collapsing. The early 2000s were when carbon credit trading started to become a thing and emissions taxes were more significant. By 2004 it was cheaper to import (eg) French Nuclear energy than have to offset the emissions of coal and gas. And in that respect, the scheme did exactly what it was designed to do. Renewable generation is climbing rapidly (and diversifying) even without the old solar FIT subsidies.
We still need more supply, and storage, to tank the unit price (so we can dump gas!) but I don't think gross energy generation or export is a fair metric. Especially if you're weighing my comfort solely on the price-per-unit, and not (eg) my grandchildren having air to breathe.
I think one of the biggest mistakes the West made in thinking about globalization are the beliefs that: 1. You could completely decouple the service and industrial economies and it would gone on working forever. 2. In doing so, the developing countries that took over those industries would be happing eating the scrapes of Western nations and never have an ambition to enter into related service activities.
It's no coincidence that the country with the largest economy in Europe happens to have a vibrant manufacturing base. And in the U.S., while it plays a much smaller role and employs significantly fewer people than in the past, the manufacturing base is still quite large.
Any time someone would raise concerns about potential negative impacts, they would either be told that they were living in the past, or that the answer was education. This was a staple of the economic and domestic policy of both the Clinton and G.W. Bush administrations.
It seems laughable now, but man, at the time, most of us bought that crap hook, line and sinker.
Europe's industrial growth was based on fossil fuels. In a post fossil age, it's not a great place for industry.
During this time some power-hungry industry has closed, and we shuttered basically all of our coal power plants.
There has been an inflection on off shore wind since 2018; approximately double the amount came on stream then vs any previous year and this has been sustained.
Another aspect is that energy and gas went from being affordable to a luxury, that's right, a growing chunk of swedes will have to cut back on their use of electricity (how would that even work). The prices on electricity have gone up 400% in ONE year, gas prices have gone up about 200%. Wages have halted since forever if you account for inflation.
I'm realizing the terrifying pace of this just now when writing it out, it's just unfolding in front of our eyes, we are in for one hell of a ride..
This is really something that would have been unthinkable a mere 5 years ago. Sweden, one of the richest nations of Earth, having to be careful about electricity prices.
It is hard for me to imagine how that doesn't translate into a crisis of living standards. Either they're directly losing the ability to secure people comfortable lives, or they are losing the ability to export valuable products and becoming more vulnerable to foreign pressure. They literally can't have goods and services without energy.
[0] https://en.wikipedia.org/wiki/Energy_in_the_United_Kingdom#O... - the table here is a jaw dropper, looks like they are deindustrialising.