They are also unsustainable on the grounds of affordability. Without massive subsidies neither wind nor solar generators would ever get built. Subsidies have pushed up the cost of generation to a point where the general public cannot afford to turn on the lights or heat their homes, so wind and solar are also unsustainable of the grounds of affordability.
It should come as no surprise therefore that the headlong rush into ‘sustainables’ has not only come to end but gone into decline. It seems there nothing as unsustainable as sustainables.
The amount of money flowing into European green energy from governments and the private sector collapsed from $132 billion in 2011 to $58 billion last year
A report, published Tuesday by a British auditing firm, blames government cutbacks of subsidies and the failure of green energy to meet reliability and cost goals as a reason for declining investment. The cutbacks largely occurred for cost reasons.
As recently as 2010, Europe made up 45 percent of the world’s investment in green energy, but that has plunged to 18 percent, according to Bloomberg New Energy Finance
“Whenever subsidies or mandates are lowered, interrupted, or ended, then investment in renewable energy projects disappears,” Myron Ebell, director of the Center for Energy and Environment at the free market Competitive Enterprise Institute, told The Daily Caller News Foundation. “The same thing has happened repeatedly in the U. S. when federal tax credits for wind and solar power have lapsed. The reason is obvious: despite decades of promises that these technologies will soon be commercially viable, they still cannot compete in the market against conventional sources of electricity
These subsidies and tax incentives were enormously costly. Brits paid a whopping 54 percent more for electricity than Americans in 2014 while energy taxes cost residents roughly $6.6 billion every year. Green energy subsidies in the U.K regularly exceed spending caps and account for roughly 7 percent of British energy bills, according to a government study released last July
Europe had a similar experience with green energy. The continent poured $1.2 trillion into the green energy industry to fight global warming, but its carbon dioxide (CO2) emissions and power bills just keep rising
Between 2005, when Europe create pro-green energy policies, and 2014, residential electricity rates on the continent increased by 63 percent, according to a study published in March by The Manhattan Institute. Over the same period, residential rates in the U.S. rose by 32 percent. Germany, Spain and the U.K, which intervened the most in the energy markets, saw its electricity bills rise the fastest, according to the study
The average European spent 26.9 cents per kilowatt-hour on electricity, while the average American only spent 10.4 cents, according to a Daily Caller News Foundation analysis of power prices. These rising power bills hit Europe’s poor the hardest, hurting them 1.4 to four times more than they hurt the rich, according to a study by the National Bureau of Economic Research.
Some of the world’s most beautiful landscapes have been polluted by thousands of acres of wind farms. Noise pollution from wind turbines is as undesirable to nature as it is to humans, so there has been a loss of habitat for thousands of animal and bird species. Solar farms fry the birds that fly overhead,
The world is gradually coming to its senses again after falling under the spell of the political philosophy of environmentalism. It has damaged a whole generation but as James Delingpole has so ably pointed out in a recent article, the Green Religion is dying.