It can be done, oh yes.
On Friday, Sean Carney writing on the Emerging Europe blog in the Wall Street Journal, explained that:
Support for the European Union’s climate and energy policy eroded further Friday as the Czech Republic became the latest member to denounce subsidies for clean but costly renewable energy and pledged to double down on its use of fossil fuels.
It followed Poland’s declaration that it would use its abundant domestic coal supplies for power generation rather than invest in costly renewable energy facilities. Spain abolished subsidies for photovoltaic power generation in July and the U.K.’s power markets regulator last month froze solar power subsidies for the rest of the year.
If renewables gave value for money and provided a reliable source of energy, this would not be happening. But the reality is these subsidy sinkholes are good for nothing but making landowners and renewables companies a huge amount of money, robbed from taxpayers and ever rising costs passed on to energy customers. But as Carney’s piece explains, there are other consequences to this ludicrous largesse:
The Czech Republic has seen a surge in renewable power production over the last four years due to rich cash payouts for investors in the sector. Since then public outrage over fast-rising power prices has forced politicians to put the brakes on subsidies. The payouts have been a drag on the economy, creating uncertainty on energy markets and preventing utilities from investing.
So Germany continues to build more coal fired power stations, the Czech Republic and Poland are reverting back to coal and economic reality bites in Spain. Yet the UK has in Ed Davey a minister for Energy and Climate Change who bitterly opposed the UK’s freeze in power subsidies and is demanding we go further down the road to the renewables abyss by ramping up the amount of underperforming wind turbines for the sake of ideology.
Ed Davey is doing this irrespective of the possible harm to our energy security, the ever rising cost to taxpayers and consumers, and the fact our European neighbours are calling time on a shocking financial waste that has delivered nothing close to what was promised in return. The EU is hamstrung, member states are rushing back for reliable and affordable energy sources, evidence that reversing the CO2 madness on energy can be done.
Yet despite this the British are being dragged into penury by a delusional idiot who is happy to squander other people’s money to satisfy his vanity and desperation to be seen as virtuous. And while Davey picks our pockets to push his policy agenda and describes realist opponents in the Conservative Party as its stone age wing, without any sense of irony his Lib Dem socialist mate Vince Cable has the nerve to describe the Tories as the nasty party. Satire is truly dead.