Countless $billions are being squandered on subsidies to unreliable wind and solar, every single day. Wind and solar power don’t run on sunshine and breezes, they run on a seemingly endless stream of subsidies – without which, we simply wouldn’t be having this discussion.
The merest hint threat of a cut to the subsidies sends rent-seekers into apoplexy and ‘investors’ running for the exit.
The damage done to power grid is and electricity markets is as perfectly predictable, as it was perfectly avoidable.
Alan Moran details the disaster that is Australia’s renewable energy subsidy scam, below.
Why don’t we hear about the $40,000 per household cost of decarbonisation?
Spectator Australia
Alan Moran
25 June 2021
The Irish Times reports that an IMF study of Ireland estimates that the nation will need to spend 20 billion euros a year – or five per cent of GDP – to meet its 2050…
View original post 821 more words
Utopia, you are standing in it! 
Recent Comments