Germany surrenders on Solar Power

The skeptical environmentalist himself, Bjorn Lomborg, reports at Slate that despite the fact that "Germany once prided itself on being the 'photovoltaic world champion,'" now "Germany is cutting solar-power subsidies because they are expensive and inefficient." These statistics are incisive: "Moreover, this sizeable investment does remarkably little to counter global warming. Even with unrealistically generous assumptions, the unimpressive net effect is that solar power reduces Germany's CO2 emissions by roughly 8 million metric tons-or about 1 percent - for the next 20 years. To put it another way: By the end of the century, Germany's $130 billion solar panel subsidies will have postponed temperature increases by 23 hours. Using solar, Germany is paying about $1,000 per ton of CO2 reduced. The current CO2price in Europe is $8. Germany could have cut 131 times as much CO2 for the same price. Instead, the Germans are wasting more than 99 cents of every euro that...(Read Full Post)