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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (545468)	1/22/2010 2:04:05 PM
From: Brumar89	1 Recommendation Read Replies (1) \| Respond to of 1573968

Let’s Keep It At Schaudenfreude, Not Masochism Published by Frosty the Know Man at 7:42 am under The Economic Debate A new study pointed out to us by the Institute for Energy Research shows the troubling experience in Germany as that nation has tried to subsidize renewable energy options that are still very expensive. The lesson: let’s not throw our own good money after bad. Some key findings: • Financial aid to Germany’s solar industry has now reached a level that far exceeds average wages, with per worker subsidies as high as $240,000 US. • In 2008, the price mark-up attributable to the government’s support for “green” electricity was about 2.2 cents US per kWh. For perspective, a 2.2 cent per kWh increase here in the US would amount to an average 19.4% increase in consumer’s electricity bills. • Government support for solar energy between 2000 and 2010 is estimated to have a total net cost of $73.2 billion US, and $28.1 billion US for wind. A similar expenditure in the US would amount to about half a trillion dollars US. • Green jobs created by government actions disappear as soon as government support is terminated, a lesson the German government and the green companies it supports are beginning to learn. • Government aid for wind power is now three times the cost of conventional electricity. Full study here. thechillingeffect.org