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LINK
http://dailycaller.com/2016/11/28/europe...ergy-blackouts/
"European Union regulators told Reuters that they’ll soon start paying power companies not to generate electricity to create safeguards against green energy blackouts.
Reuters reports the European Commission will publish a draft law Wednesday to pay for extra power supply, which can be used during periods of peak demand to prop up green energy. Regulators told Reuters that the subsidies would be restricted mainly to additional green energy or extremely efficient natural gas plants.
“If the EU is serious about getting rid of market distortions that undermine reliable sources of generation, it should end all subsidies and priority access for intermittent sources such as wind and solar,” Travis Fisher, an economist at the free-market Institute for Energy Research, told The Daily Caller News Foundation.
Europe has poured $1.2 trillion into the green energy industry to fight global warming, but its carbon dixoide (CO2) emissions and power bills just keep rising. The German government estimates that it will spend over $1.1 trillion financially supporting wind power, even though building wind turbines hasn’t achieved the government’s goal of actually reducing carbon dioxide (CO2) emissions to slow global warming."
Click on link for remainder of story.
http://dailycaller.com/2016/11/28/europe...ergy-blackouts/
"European Union regulators told Reuters that they’ll soon start paying power companies not to generate electricity to create safeguards against green energy blackouts.
Reuters reports the European Commission will publish a draft law Wednesday to pay for extra power supply, which can be used during periods of peak demand to prop up green energy. Regulators told Reuters that the subsidies would be restricted mainly to additional green energy or extremely efficient natural gas plants.
“If the EU is serious about getting rid of market distortions that undermine reliable sources of generation, it should end all subsidies and priority access for intermittent sources such as wind and solar,” Travis Fisher, an economist at the free-market Institute for Energy Research, told The Daily Caller News Foundation.
Europe has poured $1.2 trillion into the green energy industry to fight global warming, but its carbon dixoide (CO2) emissions and power bills just keep rising. The German government estimates that it will spend over $1.1 trillion financially supporting wind power, even though building wind turbines hasn’t achieved the government’s goal of actually reducing carbon dioxide (CO2) emissions to slow global warming."
Click on link for remainder of story.
