Wheels coming off
Jan 17, 2014
Bishop Hill in Climate: Parliament, Energy: wind, Foreign

In Germany, the shift to renewables has led to rises in both energy prices and in carbon emissions.

The fields carpeted with solar panels and the North Sea wind farms may have gratified the green conceits of Germany’s middle class but they have come at a terrible economic and social cost. According to Nature, the international science magazine, this year German consumers will be forced to pay €20bn (£17bn) to subsidise electricity from solar, wind and bio-gas plants, power with a real market price of €3bn.

In the UK, a big renewables company has announced that it is halving its investment levels in the UK and the Liberal Democrat minister responsible for business has said that the soaring price of energy that his own party's policies have caused is having a hugely detrimental effect on industry.

The insanity that has gripped the Westminster village is going to have very, very serious repercussions.

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