Georgia Dodges a Renewable Energy Bullet

February 4th, 2014 by Leave a Comment

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.

Remember when Germany peddled solar energy in Georgia in 2011? Georgia Public Policy Foundation Vice President Benita Dodd warned then that Georgia should not follow Germany’s path. “The temptation is great, but legislators must focus on commonsense policy that promotes cost-effective, clean energy,” Dodd wrote. Read her commentary, “Energy Solutions in Pursuit of a Problem,” here.

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