Sunday, October 06, 2013

Crash boom bang: The smart money is starting to abandon the CO2 vessel

Crash boom bang | Watts Up With That?
[Fred F. Mueller] While the IPCC and a number of key political figures such as Merkel and Obama are stubbornly staying the course, the smart money has already started to react. More and more lifeboats can be seen leaving the ship. The giant Desertec project aiming at producing solar energy for Europe in the Sahara desert is virtually dead in the sand. Spain is severely cutting back on its “renewable” subsidies. The German solar sector is in free fall, with big players such as Siemens and Bosch closing shop at a loss. Wind energy seems to be more robust, but even the market leader, Danish company Vestas, is experiencing severe headwinds. And last but not least, some governments such as those of Czechia and Australia prove their common sense by throwing useless “renewable” policies over board. As soon as this trend will have gained enough momentum, one might expect to see a new generation of scientists emerge producing nice colorful computer charts proving beyond doubt that CO2 is beneficial for plant growth and thus for feeding our populations.

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