Alexander Stahel is a Zug, Switzerland-based commodities investor. The major strategic issue that threatens the grid is that a handful of people in positions of power have committed most of Europe to a dramatic reduction in carbon dioxide emissions, even though most of the rest of the world will never follow this policy. The European Commission has transformed these commitments into legal requirement to reduce emissions by 55% from 1990 levels before 2030 - the so-called "Fit for 55" laws. The scale of change to society that this implies is hard to comprehend. The road to hell is paved with good intentions.
