Saturday, September 14, 2013

German-style green energy boondoggle averted when Michigan rejected renewable mandate

Ken Braun: German-style green energy boondoggle averted when Michigan rejected renewable mandate | MLive.com:
"By 2011, German industry was already forking over more than twice the price that Americans were paying for electricity.
German homes and small businesses were paying almost three times as much as Americans.

The rapid wind and solar expansion has created a convoluted system of green subsidies, industrial subsidies, and backup systems based on fossil fuels and more.
As a result, the nation saw a net increase in carbon dioxide emissions last year. 
And a cross-subsidy forces households to absorb more of the higher energy costs so German industry can remain somewhat competitive."

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