Prop 23 Update: Germany’s €300 Billion Green Energy Disaster
07/06/2012 1 Comment
California is focusing on solar and wind as alternative energy resources, with a mandate to use 33% renewable energy resources by 2020, just 8 years away. Depending on solar is proving to be a costly mistake in Germany.
Photovoltaics are threatening to become the costliest mistake in the history of German energy policy. A new study by Georg Erdmann, professor of energy systems at Berlin’s Technical University, reveals that subsidies for renewable energy, including an expansion of the power grid, will saddle energy consumers with costs well over €300 billion ($377 billion). The study is all the more interesting because Erdmann himself is a member of a panel of experts the German government appointed a few months ago to monitor Germany’s transition to renewable energy. –Alexander Neubacher and Catalina Schröder, Spiegel Online, 5 July 2012
If it was a mistake for Germany, why is a good choice for California? State jobs are declining with a historic drop in June, the state losing over 8,000 jobs in one month, higher than any state in the nation. As the cost of doing business in the state continues to rise, business are fleeing the state taking jobs with them. The rising price of energy is one of the main contributors to the cost of doing business in California. As Germany found out, solar is a costly mistake. When will California’s leaders discover that alternative energy is a mistake?