Renewable Subsidy Junkies Dead in Five Years

Renewables

The Indy have published some analysis on the fate of the UK’s renewable energy industry following the announcement of cuts to subsidy junkies. The research predicts that despite 2015 being a record year for renewable energy production, the industry is set to “fall off a cliff” as a result of withdrawn subsidies. This trend will continue until after 2020, when “the new renewables infrastructure will collapse to almost nothing because of a lack of investment”.

irena

So it’s not the best time for the International Renewable Energy Agency to publish a report boasting that a global 36% renewable energy share is in reach, and will provide half the reduction in emissions required to hit the Paris summit targets. This is the renewable industry’s problem summed up. It needs shed-loads of taxpayer cash to survive, and when the subsidies are taken away it goes to the wall…




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Quote of the Day

Logging company Resolute’s CEO Richard Garneau suing Greenpeace

“A funny thing happened when Greenpeace and allies were forced to account for their claims in court. They started changing their tune. Their condemnations of our forestry practices “do not hew to strict literalism or scientific precision,” as they concede in their latest legal filings. Their accusations against Resolute were instead “hyperbole,” “heated rhetoric,” and “non-verifiable statements of subjective opinion” that should not be taken “literally” or expose them to any legal liability. These are sober admissions after years of irresponsible attacks.”

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