Today’s Herald provides yet another story illustrating the economic catastrophe that is subsidised renewable energy.
“German firms pay twice as much for electricity as US rivals, and 30 per cent more than the EU average.
“The international competitiveness of German industry is in danger,” said the BDI.
The deal will trim subsidies to solar and wind power to contain costs spiralling towards 1 trillion over 25 years, but at the same time it sets a renewable target of 55 per cent to 60 per cent of total energy by 2035.”
And fracking seems to be very unpopular – so they are going back to burning old fashioned coal.
“The coalition ruled out any move on shale fracking. Utilities will have to rely on coal to plug gaps, playing havoc with Germany’s greenhouse gas targets.”
As usual, more policy based on fear, scaremongering and complete lack of scientific evidence.
So they fire up some dirty great big coal power plants instead.