The high price of magical thinking;
The Danish study finds that the energy technology sector in Denmark from 1999 to 2006 underperformed the broader manufacturing sector in Denmark by an average of 13% in terms of value added, reducing Danish GDP by approximately $270-million compared to what it would have been if the wind sector workforce was employed elsewhere. The Danish Economic Council concluded in a report in 2006: “The wind power expansion in the 1990s is an example of a policy that was unprofitable from society’s point of view, even taking the economic advantages that the wind business enjoyed into consideration.” The Centre for Policy Studies study concludes: “Denmark needs a proper debate and a thorough reappraisal of the technologies that need to be invented, developed, and costed before forcing the country into a venture that shows a high risk of turning into an economic black hole.”
h/t Manotick


