This “climate” policy was economy-damaging nonsense to begin with but because Europe was relatively wealthy, they were able to live with its bad effects to make themselves feel better. The brutal reality is that they no longer can afford to make themselves feel better with damaging policies like this because they are no longer wealthy so they will have to get rid of them.
Thank you for your opinion. You are correct and succinct.
Educated comments such as the one you have made are the very reason that I read FR.