Letter: Renewables scam
Published on Monday 21 May 2012 00:00
Portugal is an economic mess, but took action by suspending the feed-in tariffs for new wind-power projects. Economy minister Alvaro Santos then announced tariff cuts for existing wind farms, which will save up to €200 million. An idea for Britain.
Holland abandoned renewable energy targets and slashed subsidies for wind and solar power. Italy stopped solar energy and imposed deep cuts in wind energy due to high subsidies. Spain slashed payouts for wind projects by 35 per cent and solar by 45 per cent. France relies on nuclear. Germany cut solar subsidies in 2009, 2011 and 2012. It has recognised the unsustainable subsidy problems with 22,200 wind turbines.
Denmark and Germany have the highest electricity prices in Europe, largely due to renewables subsidies.
Green jobs do not reduce unemployment but destroy jobs in the real world. “We will be the greenest government ever,” trumpeted David Cameron.
However, we cannot afford to be green while other countries are rejecting the renewables scam, which makes the rich richer, the poor poorer and economic recovery less likely.