THE WHOLE EU CAN SWITCH TO CLEAN ENERGY WITHIN A YEAR. HALF OF THE ECB'S QUANTITATIVE EASING IS ENOUGH.

The EU consumes 3,000 TWh of electricity a year. It takes the equivalent of 400,000,000 photovoltaic panels of 2 kW to produce it in a 10 hour day. The cost of a panel is EUR 3 500. The total cost is therefore EUR 1.4 trillion.

Since 2015, the European Central Bank has provided €3.3 trillion to banks - link. Today's rate is €80 billion per month. The money never made it into the real economy. The "free" money has driven stock prices to absurd heights, skyrocketed housing prices. Now it has moved into commodities. As a result, the price of energy on the exchanges has risen from €40 to €97.

It is an extremely simple process. The ECB will decide how to use the money for photovoltaics. It will transfer the money to towns and cities. Citizens and businesses will receive interest-free credit to buy panels. Their repayment will be equal to the monthly energy payment.

On 23 April I published a proposal Economy on Mars - Inspiration for the EU. The ECB's free €3.3 trillion of quantitative easing to be distributed evenly to the cities and towns of the Eurozone for house, energy, food and technology projects. A simple and easy to understand solution with a sustainable return on funds. And unlike bank and stock market financing, it makes economic sense.