European Economic Stability Threatened By Renewable Energy Subsidies

Wind Energy / Economics

Date posted: 10/21/13

Dr. Conca suggests that the stability of European electricity generation is at risk from the warped market structure caused by skyrocketing renewable energy subsidies that have swarmed across the continent over the last decade. This sentiment was echoed a week ago by the CEOs of the European largest energy companies, who produce almost half of the electricity generated. This group joined voices calling for an end to subsidies for wind and solar power, saying the subsidies have led to unacceptably high utility bills for residences and businesses, and even risk causing continent-wide blackouts. Also see: http://www.forbes.com/sites/jamesconca/2012/08/05/hydro-forced-to-take-a-dive-for-wind/