Blog Archives

Green Financial Armageddon In Spain

Wind and solar power have caused a deficit of more than 26 billion euros in Spain’s energy market.

Wind and solar power have caused a deficit of more than 26 billion euros in Spain’s energy market.

Spain was one of the first European countries to Green their economy and use the German Green Energy subsidy model, driven by the socialist zeal of the then Spanish government, going Green was done literally at all costs.

The Great Man Made Global Warming boondoggle was always a cause espoused by the left, the bright Green future of renewable energy, the millions of Green jobs that would be created, prosperity and wealth from cutting edge Green technologies would flow endlessly as the rest of the world rushed to embrace the brave new Green world, bit of shame really, all in all, that the Green pipe dreams, like their Green Armageddon scenarios of global climate catastrophe, failed to happen.

The real cost of going Green to Spain has been horrendous, every Green job that was created killed 2.2 jobs in non Green industries, as the costs of the Green subsidies mounted so the new Spanish Government started to cut the subsidies for wind and solar and the familiar story of the Green death spiral started.

If that were not bad enough, now Spain’s Green Chickens have come home to roost in their eco friendly sustainably sourced coop: Read the rest of this entry

The Green Decline In Spain And Australia

Spanish Green investors are facing bankruptcy as the government cuts renewable energy subsidies.

Spanish Green investors are facing bankruptcy as the government cuts renewable energy subsidies.

Two new stories from Spain and Australia illustrate the continuing decline of the Man Made Global Warming political agenda and industry, in Spain the government is planning to cut the subsidies paid to renewable energy producers by 10% to 20%, while in Australia, land of the carbon tax Green NGO, The Climate Group is leaving the country because of the “unfavourable” policy environment.

In the early years of the first decade of this century to stave off Global Warming as it was called then, countries like Spain and Portugal followed the Germans and Greened their economies on the German Green subsidy model.

Over a decade later the total economic failure of Green renewable energy has been plain for all to see, a US House of Representatives report concluded that there was no such thing as lasting Green jobs. Green jobs because of the huge subsidies they require kill more jobs in existing industries than they create  in the new Green industries. Read the rest of this entry

EU Needs To Cut Emissions 40% By 2020 To Provide Climate Leadership

EU Commission President  Jose Manual Barroso wants Europe to lead the way in committing economic suicide.

EU Commission President Jose Manual Barroso wants Europe to lead the way in committing economic suicide by 2030.

Different day, same tired old Green propaganda being pushed relentlessly by another unelected European Official, this time EU Commission President Jose Manual Barroso.

Barroso like other EU and Liberal Socialist politicians is still locked into the Green bubble, inconvenient truths like no warming for 16 years, the repetitive failure of UNFCCC cop meetings, the death of the one and only climate treaty, the Kyoto Protocol, the lack of a successor to Kyoto, the lack of populist support for bold climate measures are all ignored as the Green elite repeat their meaningless sound bites of Green drivel.

On this occasion the climate robot had a USB memory stick inserted with the sound bites: 2°C Warming, Green economy, Green jobs, emissions cut, 40%, control the weather (constrain warming) preloaded and then suitably prefixed with approved Greenspeak: Read the rest of this entry

Spain To Tax Renewable Energy

Spain to tax renewable energy which is likely to wipe out 75% of the country’s uneconomic wind and solar farms

Spain is another Euro zone economy in dire financial trouble, where the Government is pursuing austerity measures to try and regain control of the country’s spending.

The problems facing Spain are due in part to the Greening of the Spanish economy by the previous Socialist government, this has proved to the traditional socialist economic blunder with every Green job wiping out 2.2 jobs in conventional industries.

As the economic reality of the costs of Green subsidy hit home to the new Spanish Government, they decided, in January this year, to cut all Green subsidies for new renewables projects, a move that has effectively killed Green energy in Spain.

As usual the uneconomic wind and solar industries were being kept alive by Green subsidy, costing €7 billion a year and increasing the tariff deficit by €3 billion a year, in other words totally unaffordable. Read the rest of this entry

Green Energy Is Dead In Spain

Spain has a record high for unemployment, twice the EU limit on budget deficit and a Green economy that has caused this mess in the first place.

The world was a different place at the beginning of the 21st Century, Climate Religion was at the height of its powers, people and politicians cowered in fear at the predictions of the coming environmental holocaust.

In the early years of the first decade of this century to stave off Global Warming as it was called then, countries like Spain and Portugal followed the Germans and Greened their economies on the German Green subsidy model.

Over a decade later the total economic failure of Green renewable energy has been plain for all to see, a US House of Representatives report concluded that there was no such thing as lasting Green jobs. Green jobs because of the huge subsidies they require kill more jobs in existing industries than they create  in the new Green industries.

This killing of real jobs, for short term low carbon jobs has cost Spain 2.2 real jobs for every Green job created, now with the economy in ruins Spain has stopped all the Green subsidies put in place by the previous Socialist government. Read the rest of this entry