One should be honest with Europeans: The energy transition will be painful

Contrary to the message often sent out, the energy transition cannot be a source of job creation and rising living standards. On the contrary, it will be painful in Europe, in particular for two reasons: Job destruction in the automotive sector; The inevitable very drastic rise in energy prices, which is perceptible when the calculations are done correctly, taking into account the intermittency of renewable energies and the resulting capital requirements.