Skip to comments.The price of moral-vanity: A catalogue of Green economic disaster unfolds across Europe
Posted on 08/10/2013 7:48:25 AM PDT by Ernest_at_the_Beach
The real cost of moral-vanity, of name-calling, poor reasoning, selecting ones evidence, and the triumph of doing things because they feel-good rather than because of the cold hard numbers, is measured in the trillions. This disaster was entirely foreseeable, totally predictable, and completely unnecessary.
Thanks to Benny Peiser and The Australian, the utter folly is laid bare.
AS country after country abandons, curtails or reneges on once-generous support for renewable energy, Europe is beginning to realise that its green energy strategy is dying on the vine. Green dreams are giving way to hard economic realities.
Slowly but gradually, Europe is awakening to a green energy crisis, an economic and political debacle that is entirely self-inflicted.
The media is finally starting to do what it should have done ten years ago:
A study by British public relations consultancy CCGroup analysed 138 articles about renewables published during July last year in the five most widely circulated British national newspapers: The Sun, The Times, The Daily Telegraph, Daily Mail and Daily Mirror, which enjoy a combined daily circulation of about 6.5 million.
The analysis revealed a number of trends in the reporting of renewable energy news, the study found. First and foremost, the temperature of the medias sentiment toward the renewables industry is cold. More than 51 per cent of the 138 articles analysed were either negative or very negative toward the industry.
The flagrantly wasted resources are simply obscene:
EU members states have spent about 600 billion ($882bn) on renewable energy projects since 2005, according to Bloomberg New Energy Finance. Germanys green energy transition alone may cost consumers up to 1 trillion by 2030, the German government recently warned.
That this kind of waste and mismanagement should have occurred under Western Governments when the financial nonsense of it was obvious long before the money was spent, stands as an argument against Big-Government and a warning of where gullible Green economics leads. Real people have toiled fruitlessly across Europe to pay for these ridiculous schemes. Their quality of life reduced by the failure of big-government, of mentally weak, ethically bankrupt academics, of poorly trained overconfident poseur journalists.
Its a case of lose-lose all around, everyone taxpayers, investors, renewables companies, gas companies all lost. Waste and stupidity on a colossal scale.
The pattern is similar in the rest of the EU:
None of this even counts the flow-on effects of expensive energy how much was lost from European manufacturing which could not compete? Investors are pouring money into the US, where energy prices have fallen to one-third of those in the EU, thanks to the shale gas revolution.
This is burning money on a scale that only Big-Government can manage, misdirected malinvestment so successful that we can only guess how many people have lost jobs, lost years of work, and in the case of homes without electricity, lost lives.
The article is paywalled at The Australian but available at the GWPF, home to Benny Peiser.
Actually, it’s mind-numbing pitiful.
Totally preventable stupidity.
Love it. We need to use that on the Libs. It’s just a perfect fit.
Yeah, but it was worth it because it made the leftist politicians and their low information sycophant voters “feel good.”
This is doubtful.
The Europeans discovered it.
Unfortunately, they ultimately succumbed to it.
But they feel good.
And Obama's "green energy" policy follows right along like a lemming running for the cliff...
There is nothing worse then a true believer ideologue making technical decisions with other peoples money! They always pervert science into a false religion.
PS This article should be required reading for every employee of the "Department of Energy"!
“Yeah, but it was worth it because it made the leftist politicians and their low information sycophant voters feel good.
Do not forget that many of the politicians and their cronies made fortunes in all this mal-investment.
Meanwhile in California....it continues.....
Will CA ever toss in the proverbial towel on this crap?
Oh I don't know, maybe it is to wake you up!
Are you talking about those leftist politicians in Texas where they are installing windmills and building new windlines to carry the windpower?
It was a HUGE money laundering scam. I wonder if RICO laws apply...
She has captured it beautifully here.
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