A new study by Trinomics, in collaboration with DTU Wind, shows that strategically earmarking EU funding for wind innovation and industrial scale-up delivers major economic and security benefits for Europe. By 2040, each €1 of public funding for wind generates €7 in annual economic returns, while significantly boosting the EU’s jobs, exports, and energy security. […]
  • NoneOfUrBusiness@fedia.io
    0·
    2 months ago

    so the added value is only the cost of imported gas or uranium or whatever,

    Except, if I’m not mistaken, wind also doesn’t need much labor, meaning there’s actually a proportional amount of labor is available to be used elsewhere in the economy, so in effect you’re getting (more or less) free energy and free labor. And don’t forget the economic value of not being tied to political upheavals in the Middle East or Russian war crimes in Ukraine and the lower bar for economic undertakings due to cheaper energy a la Jevon’s paradox. Now I don’t know enough about economics to coneifm or deny the €7 number, but you’re underselling the impact here.