The Market, Energy, And Political Page -- The UK Blinks -- Steps Back From Ban On Petrol/Diesel Vehicles -- June 18, 2018

I think it can be argued that "the cost of renewable energy" is widening the economic gap between the US and the EU. See this post. From an earlier post:

Politically and economically, the EU, link here:

• the economic gap between the US and the EU widens
• US distillate demand is surging; refineries unable to keep up
• the most remarkable graphic of the week

Now this:

The link to the Financial Times story is here. The most remarkable thing about this story -- the "ban" wasn't even going into effect until 2040, but major policy decisions were going to be made now that would affect 2040 goals. Something tells me the Queen wasn't going to give up her multiple limousines.

Germany will be the next to re-consider. If not, Germany will no longer be economic engine driving the EU.