By: psr, 2008-10-26
The October 24, 2008 edition of Spanish financial newspaper “Expansión” reports that the Ministry of Industry is investigating fraudulent practices in renewable energy subsidies.
What a surprise. How naive can the Ministry be?
The desire to promote renewable energy at all cost, almost obsessively, has drawn governments to offer juicy subsidies on any attempt to research or produce energy from new sources. It is all framed, of course, in the human-caused climate change dogma, which ought to make humans change our habits.
How to implement such change? By pouring loads of public money in subsidies for private companies, to make new businesses with energy sources (wind, solar, bio-fuels) which will supposedly help the planet.
There are two basic problems with such policy:
- It is nonsense to think that those energy sources can …