Sunday, May 02, 2010

Spain Pricks Solar Power Bubble as Greek Fate Looms (Update1) - Bloomberg.com
April 30 (Bloomberg) -- Spain is lancing an 18 billion-euro ($24 billion) investment bubble in solar energy that has boosted public liabilities, choking off new projects as it works to cut power prices and insulate itself from Greece’s debt crisis.
Downgraded Spain decides to shelve worthless enviro-energy projects | Washington Examiner
The line that follows tells you everything you need to know about what sort of “green” is involved in Spain’s project:
Solar-plant owners including General Electric Co. earn about 12 times what’s paid for power from fossil fuels. Most of that is a subsidy charged to customers.
The rest is charged to taxpayers.
Climate action without Rudd - Eureka Street
Climate crisis denialism, still rampant in Australia, is best understood as a cognitive disorder not amenable to reasoned discourse.

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