Boy, I’m sure our great grandchildren will be thanking us for that one extra day!
Here’s a sad, yet funny evluation of one of the greatest engineering follies of all time. H/t DirkH
Björn Lomborg has a new article out that assesses Germany’s solar energy “boom”.
Germany’s Sunshine Daydream
COPENHAGEN – One of the world’s biggest green-energy public-policy experiments is coming to a bitter end in Germany, with important lessons for policymakers elsewhere.
Germany once prided itself on being the “photovoltaic world champion”, doling out generous subsidies – totaling more than $130 billion, according to research from Germany’s Ruhr University – to citizens to invest in solar energy. But now the German government is vowing to cut the subsidies sooner than planned, and to phase out support over the next five years. What went wrong?
There is a fundamental problem with subsidizing inefficient green technology: it is affordable only if it is done in tiny, tokenistic amounts. Using the government’s generous subsidies, Germans installed 7.5 gigawatts of photovoltaic (PV) capacity last year, more than double what the government had deemed “acceptable.” It is estimated that this increase alone will lead to a $260 hike in the average consumer’s annual power bill.
To put it another way: by the end of the century, Germany’s $130 billion solar panel subsidies will have postponed temperature increases by 23 hours.” Continue reading…
For all you others countries out there considering the German model – think about it! What more do you need to be convinced it’s a folly?