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Tag Archives: clean energy
California’s Prosperity Terminating Lessons for the UK
As if the UK economy doesn’t have enough problems, the new coalition government is going out of its way to create new ones, by pursuing its self-indulgent ‘clean’ energy policy. You’d imagine that it would be self evident that cutting greenhouse gas emissions by 34% within 10 years is completely hair brained – and reducing emissions by 80% in 2050 is economic suicide. But developments in California may soon highlight the prosperity terminating effect of such clean energy policies – now that it has become a major election issue in the California midterms.
Posted in Economy, Global Warming Scare, Politics Also tagged California, debt deflation, global warming, Unemployment, US Leave a comment
The First Green Energy Trade War?
If Congress votes to penalize Chinese imports and start a trade war it may have a lot to do with the Democrats’ frustration at their inability to build a homegrown clean energy sector. After all, it would be particularly embarrassing if the companies President Obama has boasted about being “the future” were to go bankrupt. So, because the green stimulus has failed to live up to the hype, and mostly created new jobs abroad, leading Democrats may now think the answer is to restrict imports.
Posted in Currency Markets, Economy, Global Warming Scare Also tagged Asia, China, solar, stimulus, trade war, undervalued Asian currencies, wind Leave a comment
When Green Doesn’t Mean Green: Obama is Backtracking on Clean Energy
Environmentalists seized upon President Obama’s stimulus plan as a means to turn America into a low-carbon economy by pouring massive amounts of money into clean energy and green transportation. But in these tough economic times, taxpayers are not prepared to keep footing the subsidy bill. Belatedly, there is now recognition at the highest levels of government that a green industrial revolution is no longer realistic, economically or politically.
Posted in Companies, Economy, Global Warming Scare Also tagged American Electric Power, CO2, Denmark, electric cars, EPA, EU, Germany, global warming, Italy, Obama, Solyndra, Spain, Supreme Court, US, Wall St Leave a comment
Update: Renewable Energy Standard Slips Down Agenda