National Post

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Bjørn Lomborg: Germany’s solar experiment collapses
National Post

Germany once prided itself on being the “photovoltaic world champion,” doling out generous subsidies — totalling more than US$130-billion, according to research from Germany’s Ruhr University — to citizens to invest in solar energy. But now the German government is vowing to cut the subsidies sooner than planned, and to phase out support over the next five years. What went wrong?

According to Der Spiegel, even members of Chancellor Angela Merkel’s staff are now describing the policy as a massive money pit. Philipp Rösler, Germany’s Minister of Economics and Technology, has called the spiralling solar subsidies a “threat to the economy.”

Indeed, despite the massive investment, solar power accounts for only about 0.3% of Germany’s total energy. This is one of the key reasons why Germans now pay the second-highest price for electricity in the developed world (exceeded only by Denmark, which aims to be the “world wind-energy champion”).

Germany’s experiment with subsidizing inefficient solar technology has failed. As even many German officials would probably attest, governments elsewhere cannot afford to repeat the same mistake.

Notez bien qu’avec la hausse du prix de l’essence, les enverdeurs vont probablement revenir à la charge pour demander au gouvernement de gaspiller notre argent dans des initiatives qui n’enrichiront que le lobby écologiste…