Wednesday, July 13, 2016

Cutting back

(cont'd from yesterday's post)

"[T]he German government estimates that it will spend over $1.1 trillion financially supporting wind power, even though building wind turbines hasn’t achieved the government’s goal of actually reducing carbon dioxide (CO2) emissions to slow global warming."

That's a humongous amount of money. Where did it come from? From Germany's taxpayers, who fund the government, which gives huge subsidies to wind and solar producers. According to theguardian.com (above), all this spending has not reduced carbon emissions.

As a scale to understand what they have invested, the average German pays 39 cents per kilowatt-hour of electricity (in US dollars) while the average American pays 10.4 cents per kilowatt-hour of electricity.

"Germany’s legislature voted Friday to sharply cut back on subsidies and other financial incentives supporting green energy due to the strain wind and solar power placed on the country’s electricity grid."

No comments:

Post a Comment