The European Union’s unilateral climate policy is absurd. First consumers are forced to pay ever increasing subsidies for wind and solar energy; secondly they are asked to subsidize nuclear energy too; thirdly, they are forced to pay for increasingly uneconomic coal and gas plants to back up power needed by intermittent wind and solar energy; fourthly, consumers are additionally hit by multi-billion subsidies that become necessary to upgrade the national grids; fifthly, the cost of power is made even more expensive by adding a unilateral Emissions Trading Scheme. Finally, because Europe has created such a foolish scheme that is crippling its heavy industries, consumers are forced to pay even more billions in subsidizing almost the entire manufacturing sector.

—  Benny Peiser, director of the London-based Global Warming Policy Forum, EU’s green energy debacle shows the futility of climate change policies

Tags: