|Wind generator towers above an old-fashioned oil well near Beaumont, Kansas.
One month ago, the carbon trading market collapsed.
The Cancun talks have been ridiculed here (and in too many other places to list) for their dedication to Mayan goddesses and, while the delegates were partying, rationing for the rest of us (scroll down).
Now, the “green energy” movement is collapsing. Anthony Watts
has reports of subsidies for wind and solar being cut in Spain, Australia, France, Germany, and the U.S.– all in the last two days!
Even Al Gore
has renounced ethanol as green energy in the last two weeks. Yesterday, we learned his Alliance for Climate Protection is shrinking
“…to avert the economic and political ruin that comes of unaffordable green power — recently swallowed their pride, slashed their subsidies and backstabbed their renewables industries.”
I continue to believe — strongly — that the U.S. should increase nuclear as quickly as possible and continue R&D in solar as I believe it has great long term promise. We should also continue R&D into less expensive renewable energy (like nuclear fusion). But, for the time being, energy-dense carbon-based fuels make the most sense.
But, it appears that the era of highly subsidized “green” energy may be coming to an end far sooner than anyone would have forecast even six months ago.
UPDATE Wednesday Evening: Here is another one from ABC News
The wind group said that tens of thousands of Americans could lose their jobs or not get called back from layoffs unless the program is extended.
“The program” is a cash subsidy from the federal government that is set to expire at the end of the month.