Realities and costs of “green” energy

http://www.boston.com/business/articles/2011/01/12/evergreen_solar_to_cut_800_jobs_as_it_tries_to_compete_with_china/

Evergreen Solar Inc. will eliminate 800 jobs in Massachusetts and shut its new factory at the former military base in Devens, just two years after it opened the massive facility to great fanfare and with about $58 million in taxpayer subsidies. The company announced yesterday that it will close the plant by the end of March, calling itself a victim of weak demand and competition from cheaper suppliers in China, where the government provides solar companies with generous subsidies.

Evergreen itself has a factory in Wuhan, China, built in collaboration with a Chinese company, Jiawei Solarchina Co. Ltd., and with money from a Chinese government investment fund. The company had previously said it would shift some production from Devens to the Wuhan plant but yesterday was the first time it said Devens would be closed.

You think subsidies using taxpayer’s money is not a big deal? Ok, then try this next one:

http://www.dailymail.co.uk/debate/article-1342032/You-dont-need-weatherman-know-way-wind-blows.html

Over the past three weeks, with demand for power at record levels because of the freezing weather, there have been days when the contribution of our forests of wind turbines has been precisely nothing.

It gets better. As the temperature has plummeted, the turbines have had to be heated to prevent them seizing up. Consequently, they have been consuming more electricity than they generate.

This next one typifies the West’s tendency to reward failure and cronyism in order to implement expedient and often detrimental policy, all in the name of attaining their perceived right to their own version of the raison d’etat.

http://www.telegraph.co.uk/finance/newsbysector/energy/8269907/European-carbon-market-suspended-over-fraud-fears.html

But it [carbon trading scheme] has been plagued by fraud, with Europol estimating that carbon trading criminals trying to play the system may have accounted for up to 90pc of all market activity in some European countries during 2009. Fraudulent traders mainly from Britain, France, Spain, Denmark and Holland pocketed an estimated €5bn. Carbon allowances are particularly susceptible to fraud because they are high value, intangible and easily moved between different countries.”

And what do we do with politicians that preside over failure of galactic proportions?

http://opinion.financialpost.com/2010/12/05/lawrence-solomon-the-7-billion-carbon-scam/#ixzz17RIo17Jm

Aided by lax rules, the Danish emissions registry became the world’s largest, with 1256 registered permit traders, most of them fake. As one example, a registered trader used a London parking lot as his address. Following the discovery of the scam, some 1100 of these have been de-registered, leaving scant few traders in the Danish market.

The Danish Minister of Climate and Energy who oversaw the illusory growth in the carbon market, Connie Hedegaard, has since been promoted to the post of EU Climate Commissioner. She is now in Cancun, representing the EU’s interests and arguing for steps that the global community needs to take for the carbon industry to regain credibility.

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2 Responses to “Realities and costs of “green” energy”

  1. And for the most recent “WTF!” moment… « Guido's temple of the absurd Says:

    […] a carbon trading credit scandal of rather large proportions and whose instigator eventually went on to become the Climate Commissioner. Nice work if you can get […]

  2. Pat Donnelly Says:

    Hilarious!

    And sad!

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