Tim Blair explains the folly of the Greens constant clamouring for “clean tech” and leading the world:
Bob Brownâ€™sÂ German solar visionÂ for Australia:
Well, it is the way to go. The Greens have recently rescued the proposals for base load solar power stations, which will go in rural and regional Australia to make sure they are progressing …Â We want this country to be at the cutting edge. I repeat, the example is firm and true. In Germany, where they did this because the Greens were in the balance of power, they have created 350,000 jobs. It was the strongest component of the German economy during the recent recession. Itâ€™s good economics.
YouÂ bet it is:
The wave of bankruptcies in the solar industry continues unabated â€“ and once again, investors lose a lot of money. Meanwhile,Â Germanyâ€™s large solar companies have lost almost 25 billion Euroson the stock market â€¦
The crisis in the industry has also hit thousands of green investors. Solar stocks were once seen as the big hope of the stock market. The future belonged to solar energy, it was said. In the first years, the share prices of solar companies increased dramatically. For most solar shares the peak was reached in late 2007.
Germanyâ€™s solar industry remains at the cutting edge. Cutting jobs and share prices, mainly.