Prudent nations are looking again at the cost of going green
Climate change is becoming a hard sell. When the computer models get the next day’s forecast wrong, it’s hard to persuade anyone to pay attention to their predictions of what the Earth’s climate will be a half-century from now. Saving the world from imaginative calamity and catastrophe is never easy
The holy grail of environmental fanatics — and their friends in high places, ....... is a legally binding agreement among nations to limit greenhouse gases, such as carbon dioxide, they blame for global warming (and never mind that carbon dioxide is essential for life and that the globe isn’t actually warming). Since handshakes are more likely to mean something when palms are greased, enthusiasts for the pact are trying to shake down wealthy nations for $100 billion to distribute to developing nations for “green” projects. They hope to make a deal final at the United Nations annual climate summit late this year in Paris.
Two of the biggest emitters of Green House Gases (GHGs) are China and India. They have not been taken in by the great AGW hoax:
India and China have no doubt noticed the fate of other nations lured into the green embrace and found themselves trapped. In Germany, Chancellor Angela Merkel was tilting toward windmills and other renewable energy projects when she announced a phase-out of its nuclear power plants by 2022 in the wake of the 2011 Fukushima nuclear meltdown. Desperate to make up for the loss of 22 percent of its electricity provided by nuclear plants, Germany instead watched its greenhouse gas emissions reduction goals go up in the smoke of new coal-burning power plants. Germans have seen their electricity bills rise 60 percent during the past five years.
Spain offered attractive incentives for customers to install expensive solar panels and in addition sold electricity to consumers below cost, but an exploding deficit forced the government to reduce the subsidies a year ago. In Britain, subsidies for solar and wind energy projects have doubled fuel bills over eight years. The Europeans are beginning to look at the fare before climbing aboard the climate-change bandwagon.