The problem with “green” energy, is that eventually you run out of other people’s money.
A massive reduction in solar subsidies enacted by the German Parliament last week will all but shut down the photovoltaic market in that country starting next year, Citigroup analysts said in a research note.
One of the first victims was Q-Cells, once the world’s largest solar-cell maker, which filed for insolvency yesterday after a German court’s ruling cast doubt on its efforts to negotiate with its creditors…
More here.
And Dalton McGuinty, the genius, is still doubling down on this garbage. Because Ontario is so much smarter and efficient and technologically superior to the Germans don’t you know.
Dolton McGuinty can’t read anything that dose not start with a hammer and sickle!
Every child under the age of 5 knows that WANTING something to be true, counts more than physics and technology.
“When you wish upon a star
Makes no difference who you are
Anything your heart desires
Will come to you
If your heart is in your dream
No request is too extreme
When you wish upon a star
As dreamers do”
Pinocchio – 1940
The inherent contradictions in this Bloomberg sentence:
“Incentives for solar units pushed capacity past government targets, prompting Merkel to cut subsidies even as she seeks to wean Germany off nuclear power and expand alternative-energy sources for Europe’s largest economy.”
say it all.
Re: green energy tech and its constant sub par performance and high cost.
This is not the result of technology that was rushed to market without full debugging of the design. No, it won’t improve as more is made/sold. The core designs of green tech is quite mature and been around for decades.This is it – WYSIWYG. It was never commercially successful because it was never as efficient or cost effective as the current technology.
Obviously without government subsudy green tech is a dead loss as a viable/reliable alternative to “ungreen tech”
there aren’t any real ‘green jobs’…except for bankruptcy trustees, lobbyists and demolition crews…and the crews are all laid off because they just leave the useless birdshredders and dust choked solar panels to rust where they were built
Former Biden Econ Adviser Jared Bernstein admits on an American Action Forum panel that there isn’t much job creation in clean energy (April 4, 2012)
http://www.youtube.com/watch?v=B0dWbKoM_1s
and speaking of lost ‘green’ jobs….
http://www.reuters.com/article/2012/04/05/us-currenttv-timewarnercable-idUSBRE83404P20120405
Al Gore’s Current TV has bigger problems to deal with than a potential lawsuit from fired news anchor Keith Olbermann – namely not getting kicked off Time Warner Cable for low ratings.
According to three sources with knowledge of the situation, Time Warner Cable Inc’s carriage agreement with Current TV stipulates that, if the left-leaning political news network fails to meet a minimum threshold for overall viewers in a given quarter, financial penalties such as Current TV being required to increase marketing and promotion spending on the cable operator’s systems are triggered.
If Current TV misses the audience benchmark in two consecutive quarters, another clause is triggered that would allow Time Warner Cable to drop the channel. The condition was built into the most recent distribution pact between the two parties, which was signed in 2010.
“Time Warner Cable has been flirting with the idea of pulling Current off its systems for some time now,” said one of the sources, who all spoke on condition of anonymity.
More good news from the green (behind the gills) looking Euroland as quoted from the Economist email item, Business This Week, April 5, 2012:
” The price of carbon permits in the EU’s Emissions Trading Scheme plummeted to another record low, after data suggested that Europe had produced a smaller amount of polluting emissions last year than had been thought. The underlying reason why carbon prices have tanked is that the market is oversupplied with permits.”
EPA spanked by one of Obama’s Judges’
http://blogs.dailymail.com/donsurber/archives/53352