Monday, September 01, 2014

Spain’s Skyrocketing Power Prices And Higher CO2 Emissions

Spain’s Skyrocketing Power Prices And Higher CO2 Emissions | The Daily Caller
President Obama once frequently touted Spain’s green energy economy. 
No longer. 
That’s no surprise given how things have worked out for the economically beleaguered country.
According to a new report by the free-market Institute for Energy Research, Spain’s green energy policies have resulted in skyrocketing electricity prices, billions of euros in debt and rising carbon dioxide emissions.
“For years, President Obama has pointed to Europe’s energy policies as an example that the United States should follow,” said IER in a statement on their new study.
“However, those policies have been disastrous for countries like Spain, where electricity prices have skyrocketed, unemployment is over 25 percent, and youth unemployment is over 50 percent.”
......The IER study also notes that Spain’s green agenda was not able to keep its carbon footprint from rising. Between 1994 and 2011, Spain’s carbon dioxide emissions grew 34.5 percent, despite the country’s green push which began in the 1990s.

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