Sunday, August 10, 2008

Vincent Gioia's Blog: Wind power is just a lot of hot air
Granting price supports, i.e. subsidies, have been crucial to the development of wind power everywhere. European countries like Denmark, Germany, and Spain became world leaders after they passed long-term, generous subsidies for wind. Major industry players like Vestas, the Danish turbine maker, have long called for the U.S. to support the industry over the long haul, not year-to-year and the recent effort by Pickens carries on these demands for tax payer money to reap huge profits. However despite this hemorrhaging of government money, according to the IPCC, after 25 years of world-wide subsidies, wind and solar have managed to deliver only 1/2 of 1% of the world’s energy. At this rate, it will take 5,000 years for wind and solar to replace coal.

No comments: