2/21/13

Clean energy: Europe has a lesson for Obama

President Obama in his State of the Union speech declared: "Four years ago, other countries dominated the clean energy market and the jobs that came with it.  And we’ve begun to change that.  Last year, wind energy added nearly half of all new power capacity in America.  So let’s generate even more.  Solar energy gets cheaper by the year -- let’s drive down costs even further. As long as countries like China keep going all in on clean energy, so must we..."
Must we really? According to news reports, fiscal pressures in Spain and Germany are causing them to renege on their expensive promises to subsidize solar and wind power.  More here
[Thank:s: BJS]