Robert Bryce, senior Fellow at the Manhattan Institute, writes in The Wall Street Journal of February 2, 2014, that for years, greens and many on the political left have insisted that widespread adoption of renewable energy will create jobs and stimulate the economy.
Now, however, both the European Union and the German government have announced separately that they are rolling back aggressive subsidies and mandates for renewable energy.
“The reason: staggering costs. Spain has racked up some $35 billion in debt—known as the “tariff deficit”—thanks to excessive renewable-energy subsidies. In Germany, renewable-energy subsidies are now costing German consumers and industry about $32 billion a year. The costs have become so onerous that on Jan. 21 Germany’s economy and energy minister Sigmar Gabriel told energy conference attendees in Berlin that his country is risking ‘dramatic deindustrialization’ if it doesn’t reduce energy costs.” Read more here.
I wanted to publicly say how much I appreciate Georgia Public Policy Foundation. For those of you that will be entering the Legislature or are relatively new you may not quite yet appreciate how much we rely on Georgia Public Policy Foundation’s research and work. As you know we’re a citizen’s legislature. We have very little staff. They have been an invaluable, invaluable resource to us. To put this [Forum] on and the regular programs that they do throughout the year make us better at what we do. (At the 2012 Georgia Legislative Policy Forum.)