According to Wikipedia, this phrase is used to describe the process of moving or getting from a bad situation into a worse one.
Maybe Europe should take note. Recently, the European Union (EU) announced that solar power was destined to be the kingpin of their effort to become independent of Russian energy imports by 2027.
The EU plans to support the expansion of solar by streamlining permitting, training workers, increasing rooftop panels and phased-in requirements for large public and private buildings.
The EU might want to consider that the solar panel supply chain is currently based in China. Shifting from gas to solar could create a greater reliance on Asian, and Chinese panel manufacturers, in particular.
Investors, seeking to capitalize on a perceived opportunity to participate in a renewed potential for solar power, may want to consider the history of government activities in this area.
All comments and suggestions are welcome.
Walter J. Kirchberger, CFA