Friday, December 9, 2022
Hawai'i Free Press

Current Articles | Archives

Tuesday, June 12, 2012
Europe's Green Energy Suicide
By NCPA @ 2:48 PM :: 5236 Views :: World News, Family

Europe's Green Energy Suicide

From NCPA

As austerity bites into European living standards, sparking revolt at the polls, "growth" has become the politician's mantra. But to be competitive, European countries require a secure, plentiful and competitively priced energy supply. Unless Europe radically rethinks its obsession with carbon dioxide emissions and the anti-fossil fuel energy policies that flow from it, growth is likely to remain elusive, says author Rael Jean Isaac in the Wall Street Journal.

Lawmakers across the continent would do well to take to heart the conclusion of the European Commission Energy Department's Energy Roadmap for 2050, which stated frankly that "there is a trade-off between climate change policies and competitiveness."

  • European Union law mandates that the 27 member countries on average cut their carbon dioxide emissions 20 percent by 2020, compared to 1990 levels.
  • The goal after that is to cut emissions by between 80 percent and 95 percent by 2050.
  • In May 2010, a study by the European Commission's energy department estimated the 20 percent cut would cost 48 billion euros ($66.3 billion) a year.

Individual nations' energy policies are pushing for further cuts in emissions, wreaking havoc on the economies that once dominated the continent.

  • In the United Kingdom, a generous system of subsidies for renewable energy was found to have cost 10,000 jobs between 2009 and 2010 alone, and is estimated to raise the energy cost of vital industries (steel making, ceramics, paper, etc.) by 141 percent by 2020.
  • Spain's experience with subsidizing renewables has been painful, with a 2009 study at Universidad Rey Juan Carlos finding that the subsidies had led to a loss of 110,500 jobs.
  • Italy's subsidy system, which sets the price floor for wind energy at three times the market level, was found to sacrifice 6.9 industry jobs for every green job it created, according to a study at Italy's Instituto Bruno Leoni.
  • Germany's Renewable Energy Feed-in Act of 2000 requires electric utilities to buy renewables from all producers at fixed, exorbitant rates and feed it into the power grid for 20 years, raising rates and undermining industrial competitiveness.
  • Even France, which has remained relatively immune to energy problems because of its enormous nuclear energy capacity, is beginning to move away from that clean energy source that has served it so well.

Source: Rael Jean Isaac, "Europe's Green Energy Suicide," Wall Street Journal, June 5, 2012.

Links

TEXT "follow HawaiiFreePress" to 40404

Register to Vote

2aHawaii

808 Silent Majority

ACA Signups Hawaii

Alliance Defending Freedom

Aloha Pregnancy Care Center

American Council of Trustees and Alumni

AntiPlanner

Antonio Gramsci Reading List

A Place for Women in Waipio

Astronomy Hawaii

Back da Blue Hawaii

Ballotpedia Hawaii

Better Hawaii

Broken Trust

Build More Hawaiian Homes Working Group

ChinaTownWatch.com

Christian Homeschoolers of Hawaii

Cliff Slater's Second Opinion

DVids Hawaii

FIRE

Fix Oahu!

Frontline: The Fixers

Genetic Literacy Project

Grassroot Institute

Habele.org

Hawaii Aquarium Fish Report

Hawaii Aviation Preservation Society

Hawaii Catholic TV

Hawaii Christian Coalition

Hawaii Cigar Association

Hawaii Coalition Against Legalized Gambling

Hawaii ConCon Info

Hawaii Credit Union Watch

Hawaii Crop Improvement Association

Hawaii Debt Clock

Hawaii Defense Foundation

Hawaii Family Forum

Hawaii Farmers and Ranchers United

Hawaii Farmer's Daughter

Hawaii Federalist Society

Hawaii Federation of Republican Women

Hawaii Future Project

Hawaii Gathering of Eagles

Hawaii History Blog

Hawaii Homeschool Association

Hawaii Jihadi Trial

Hawaii Legal News

Hawaii Legal Short-Term Rental Alliance

Hawaii Matters

Hawaii's Partnership for Appropriate & Compassionate Care

Hawaii Public Charter School Network

Hawaii Rifle Association

Hawaii Shippers Council

Hawaii Smokers Alliance

Hawaii State Data Lab

Hawaii Together

HIEC.Coop

HiFiCo

Hiram Fong Papers

Homeschool Legal Defense Hawaii

Honolulu Navy League

Honolulu Traffic

House Minority Blog

Imua TMT

Inouye-Kwock, NYT 1992

Inside the Nature Conservancy

Inverse Condemnation

Investigative Project on Terrorism

July 4 in Hawaii

Kakaako Cares

Keep Hawaii's Heroes

Land and Power in Hawaii

Legislative Committee Analysis Tool

Lessons in Firearm Education

Lingle Years

Malulani Foundation

Managed Care Matters -- Hawaii

Malama Pregnancy Center of Maui

MentalIllnessPolicy.org

Military Home Educators' Network Oahu

Missile Defense Advocacy

MIS Veterans Hawaii

NAMI Hawaii

Natatorium.org

National Christian Foundation Hawaii

National Parents Org Hawaii

NFIB Hawaii News

No GMO Means No Aloha

Not Dead Yet, Hawaii

NRA-ILA Hawaii

Oahu Alternative Transport

Obookiah

OHA Lies

Opt Out Today

OurFutureHawaii.com

Patients Rights Council Hawaii

PEACE Hawaii

People vs Machine

Pritchett Cartoons

Pro-GMO Hawaii

P.U.E.O.

RailRipoff.com

Rental by Owner Awareness Assn

ReRoute the Rail

Research Institute for Hawaii USA

Rick Hamada Show

RJ Rummel

Robotics Organizing Committee

Save Dillingham Airfield

School Choice in Hawaii

SenatorFong.com

Sink the Jones Act

Statehood for Guam

Talking Tax

Tax Foundation of Hawaii

The Real Hanabusa

Time Out Honolulu

Trustee Akina KWO Columns

UCC Truths

US Tax Foundation Hawaii Info

VAREP Honolulu

Waagey.org

West Maui Taxpayers Association

What Natalie Thinks

Whole Life Hawaii

Yes2TMT