…and wondering why we are losing the money?
Germany once prided itself on being the “photovoltaic world champion”, doling out generous subsidies—totaling more than $ 130 billion, according to research from Germany’s Ruhr University—to citizens to invest in solar energy. But now the German government is vowing to cut the subsidies sooner than planned and to phase out support over the next five years. What went wrong?
Subsidizing green technology is affordable only if it is done in tiny, tokenistic amounts. Using the government’s generous subsidies, Germans installed 7.5 gigawatts of photovoltaic capacity last year, more than double what the government had deemed “acceptable.” It is estimated that this increase alone will lead to a $ 260 hike in the average consumer’s annual power bill.
Yea we’ve been telling you green jobs idiots this for years now. Like we have said over and over Let the free market perfect the technology and if it ever becomes viable we wont have to subsidize it, ppl will just buy it because it makes financial sense.
yes John I agree
Molly are you on drugs?
According to Der Spiegel, even members of Chancellor Angela Merkel’s staff are now describing the policy as a massive money pit. Philipp Rösler, Germany’s minister of economics and technology, has called the spiraling solar subsidies a “threat to the economy.”
yea everything’s fine…I’m sure the german ppl will love that extra 300/year on top of bailing out Greece.
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