How Green Energy Slashed Emissions But Crippled Europe's Economy
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What controversial event involving a U.S. boat strike is discussed?
A controversial U.S. boat strike takes a new turn, as an admiral plans to tell lawmakers that two survivors were trying to continue their drug run. Plus, we dig into why Europe's ambitious green energy plans delivered emissions cuts, but none of the economic benefits.
I mean, everyone's energy bills in Europe have gone up substantially, and that is exacerbating a cost of living crisis in the U.K., and it's also feeding into a sense that the system has failed them.
And the billionaire class is booming, with a new study showing the world has more mega-rich than ever before. It's Thursday, December 4th. I'm Caitlin McCabe for The Wall Street Journal, and here's the AM edition of What's News, the top headlines and business stories moving your world today. Now we begin with a journal exclusive that a senior U.S. commander is expected to tell lawmakers that the two survivors of a controversial boat strike were attempting to continue their drug run. Details of the September strike have emerged as a matter of concern for Congress. They are seeking information about the role that Admiral Frank Mitch Bradley played in continuing to target the two survivors, along with Defense Secretary Pete Hegseth, on whether the operation violated the laws of war.
Hegseth has told reporters that Bradley ended up firing another round of missiles at the two survivors to sink the ship, destroy the drugs, and kill the alleged narco-terrorists.
How has Europe's green energy transition impacted consumer costs?
Journal correspondent Shelby Holliday explains why that is proving so controversial.
The Department of Defense's own law of war manual states that the U.S. cannot fire upon combatants in a shipwreck who are unable to fight. But Admiral Frank Mitch Bradley, the special operations commander who executed the mission at the direction of Defense Secretary Pete Hegseth, plans to tell lawmakers that the survivors were not considered to be shipwrecked. Instead, the men remained on board the damaged vessel alongside packages of narcotics. Secretary Hegseth, who oversaw the strike as the target engagement authority that day, has defended the attack. Law of war experts say that evidence might be needed to make a call on whether the strike was legal or illegal. For example, if the boat was incapacitated and the drug runners couldn't threaten U.S.
What are the economic consequences of Europe's green energy plans?
assets, they may still meet the definition of unable to fight.
Yesterday, President Trump released a video showing the first strike. When asked if he will release the video showing the second strike, he said he would and signaled his continued support for the operations.
I don't know what they have, but whatever they have, we'd certainly release. No problem. You know, we stopped every boat we knock out. We saved 25,000 American lives.
For more of our exclusive coverage of the boat strikes, check out Shelby's analysis. We've left a link in our show notes.
How did the war in Ukraine affect Europe's energy prices?
For years, European leaders sold their citizens on a seemingly simple story. Embrace the green energy transition and virtually everyone would benefit. Citizens would have green jobs and cheap and abundant solar and wind energy alongside a sharp reduction in carbon emissions. But roughly two decades on, that promise hasn't played out. Carbon emissions are down, but Germany, for example, now has the highest electricity prices in the developed world. Journal reporters Tom Fairless and Max Colchester have been digging into the consequences of the green energy transition. Tom, Max, thanks for joining. Can you give us a bit of a backdrop of how we got here?
For the past two decades, European leaders have been promising this green transition as a central part of their future energy plans. And they promised plenty of green jobs as part of this transition away from fossil fuels onto solar and wind energy and cheap prices and low emissions. Now, parts of that promise aren't going to come true. The cheap energy seems like, according to economists, it could still be decades away if it ever comes. There are green jobs. There are people putting up wind turbines all over Germany and the UK, putting up solar panels on people's roofs.
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Chapters
7 chapters
1
What controversial event involving a U.S. boat strike is discussed?
0:03–1:33
2
How has Europe's green energy transition impacted consumer costs?
1:33–2:18
3
What are the economic consequences of Europe's green energy plans?
2:18–2:55
4
How did the war in Ukraine affect Europe's energy prices?
2:55–6:38
5
What examples illustrate the negative effects of green energy policies in Europe?
6:38–8:14
6
What alternatives could Europe have pursued for energy transition?
8:14–11:18
7
What is the current state of net zero projects in Europe?
11:18–12:43
Speakers
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