• Spain’s Solar Industry Faces Bankruptcy

    • Date: 17/06/10

    Spain’s government will cut the revenue of most existing solar-power plants by 30 percent, a move that may bankrupt hundreds of companies that produce electricity using photovoltaic panels, a local trade group said. The industry ministry, after negotiating with trade groups for weeks, plans to reduce the number of hours a day during which they […]

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  • Captains Of Subsidy: CEOs Plead For More Energy Cash From Washington

    • Date: 16/06/10

    Now the trumpet summons us again—for a green industrial policy, according to the country’s best and brightest CEOs. Their report last week is an instructive case study in how, in the Age of Obama, the business class has managed to be both self-serving and naive. Last Thursday, Bill Gates of Microsoft, Jeff Immelt of General […]

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  • Reality Check: Unstoppable Coal

    • Date: 14/06/10

    As the new BP Statistical Review shows, coal, which last year’s report pointed out was the fastest-growing source of energy, was the only major source of fossil fuel energy that didn’t fall last year. It remained flat, while oil and natural gas consumption fell; total primary energy consumption was down 1.1 per cent. Coal is highly […]

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  • The Government’s Green Rip-Off

    • Date: 13/06/10

    Wind turbines are a poor way to harness energy – but a very good way to generate public subsidies, says Andrew Gilligan. From the summit of Plynlimon, in the deep country of the Cambrian Mountains, there is a 70-mile panorama of the Cader range, hill after green-blue hill stretching into the distance, from the peaks […]

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  • Economist Hans-Werner Sinn On The Logical Flaws In Climate Policy And Green Energy Subsidisation

    • Date: 09/06/10

    Neue Zürcher Zeitung: The Swiss National Council dropped a green tax on petrol and diesel from the carbon bill earlier this week. Would such a fee, which will be returned to the public in other form, not be a useful market instrument of climate policy? Hans-Werner Sinn: Of course fossil fuel consumption in Switzerland would […]

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  • Europe’s Green Energy Portfolio Up in Smoke?

    • Date: 08/06/10

    Europe seems hell-bent on burning the world’s forests for bioenergy, even as it offers billions of euros to save them, critics say. The dirty secret of Europe’s vaunted green energy revolution is the fact that 68.5 percent of its renewable energy portfolio comes from biofuels and burning wood for energy, according to a report released […]

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  • Shale Gas Will Change The World

    • Date: 08/06/10

    Everybody’s favourite moment in The Graduate is when the film’s hero is cornered by one of his parents’ friends. The older man’s advice to Benjamin Braddock consists of just one word – “plastics”. Something similar keeps happening to me at international conferences. I will be minding my own business, when a delegate will get up […]

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  • Governments Waste $550 Billion On Energy Subsidies

    • Date: 06/06/10

    The world economy spends more than $550bn in energy subsidies a year, about 75 per cent more than previously thought, according to the first exhaustive study of the financial assistance devoted to oil, natural gas and coal consumption. The study by the International Energy Agency, the western countries’ oil watchdog, says phasing out subsidies over […]

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