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De Omnibus Dubitandum - Lux Veritas

Wednesday, August 14, 2013

Europe Pulls The Plug On Its Green Future

Benny Peiser, The Australian, 09/08/13
As country after country abandons, curtails or reneges on once-generous support for renewable energy, Europe is beginning to realise that its green energy strategy is dying on the vine. Green dreams are giving way to hard economic realities.
Slowly but gradually, Europe is awakening to a green energy crisis, an economic and political debacle that is entirely self-inflicted.
The mainstream media, which used to encourage the renewables push enthusiastically, is beginning to sober up too…….Today, European media is full of news and commentary about the problems of an ill-conceived strategy that is becoming increasingly shaky and divisive…..138 articles about renewables published during July last year in the five most widely circulated British national newspapers: The Sun, The Times, The Daily Telegraph, Daily Mail and Daily Mirror, which enjoy a combined daily circulation of about 6.5 million…….More than 51 per cent of the 138 articles analysed were either negative or very negative toward the industry.”
More than 80 per cent of the articles appeared in broadsheet titles The Times, The Daily Telegraph and the Daily Mail, the report says, “but 55 per cent of these articles were either negative or very negative about the industry”.
EU members states have spent about €600 billion ($882bn) on renewable energy projects since 2005, according to Bloomberg New Energy Finance. Germany’s green energy transition alone may cost consumers up to €1 trillion by 2030, the German government recently warned…..To Read More…..

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