Opinion: transition to green economy should be determined by national interests and financial opportunities

At different stages of their economic development, states can afford to use certain technologies. The green economy is considered the most advanced, but it is also the most expensive. Political expert Vadim Borovik explained what risks can be produced by rash decisions in this sphere.

“Huge funds are required to completely switch to such a path. Therefore, only the most developed countries are actively trying to switch to ‘green’ rails today. In turn, compliance with the latest and strictest standards of green technologies is a definite prospect for the states whose economies are in the process of formation and search for sustainable markets. Even Germany – which is practically the first economy in Europe – is so carried away by advanced environmental projects that it begins to experience financial damage, not benefit. By closing its nuclear power plants, the German Government, according to experts, is ready to pay 160-170bn Euros. History has shown that the greatest fortunes are made on all kinds of revolutions and wars. It is already obvious that this will happen not at the expense of capital investments in wind turbines and solar panels, but at the expense of ordinary consumers. Indeed, this is a simple question: where to get electricity from when the wind is not blowing or the sun is not shining? If the trend of closing nuclear power plants continues, then there will be only one solution: to import [energy]. However, in this case, the German economy will no longer be advanced in Europe. The NPP closure will inevitably lead to an increase in the dirtiest generation of electricity – of coal. So what is the notorious ecological effect in this case? It is obvious that we will gradually come to the final triumph of the green economy, but this path is determined in accordance with national interests, technological and financial capabilities, as well as common sense,” Mr. Borovik stated.