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Politics : Formerly About Advanced Micro Devices
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To: Brumar89 who wrote (923383)2/27/2016 12:07:13 PM
From: Brumar891 Recommendation

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MIT Study: Green Energy Can’t Work Unless You Tax Everything
Researchers at the Massachusetts Institute of Technology have confirmed what many in the energy world already knew: Without government support or high taxes, green energy will never be able to compete with conventional, more reliable power plants.

The study, announced by MIT’s News Office Wednesday, determined that conventional energy would be consistently less expensive than green energy over the next 10 years. The study concludes that the government could make green energy competitive by offering enormous amounts of taxpayer support.
The study confirms that green energy can only work when energy prices are extremely high and require government support. Projections from the International Energy Agency estimate that developing wind and solar power enough to substantially impact global warming could cost up to $16.5 trillion by 2030.
“Windmills, solar panels, and ethanol could not compete with coal, natural gas, and oil without mandates and subsidies even when the price of the conventional fuels was relatively high,” Myron Ebell, director of the Center for Energy and Environment at the Competitive Enterprise Institute, told The Daily Caller News Foundation. “Now that prices for fossil fuels have plummeted, very little new renewable energy capacity will be installed unless the mandates and the subsidies are raised even higher. The bankruptcy this week of Abengoa’s U. S. solar unit with up to $10 billion in debt is a sign of things to come.”

http://dailycaller.com/2016/02/25/mit-green-energy-cant-work-unless-you-tax-everything/
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