You see? Julia and Greg are right – the rest of the world is “rushing ahead” and Australia will be left behind [sarc off].
So just as Australia is careering headlong into a pointless carbon taxation regime, the government of the UK is waking up to the grim reality of the non-existent “green economy” and cutting solar subsidies. “25,000 green jobs cut” they shriek, but it probably means three times that many real jobs saved:
Hundreds of solar companies are likely to go bust by Christmas after the Department for Energy and Climate Change confirmed it is looking to halve subsidies for new panels.
Greg Barker, minister for climate change, said the “feed-in tariff” subsidies are currently too generous, because the cost of installing solar panels has fallen.
The proposed cuts, due to come into force from December, will see the amount earned from each panel fall from 43.3p per kilowatt hour of solar power to 21p. This will save energy customers around £23 a year – or £700m in total – because the subsidies are funded through electricity bills. (source)
More at WUWT.
Recent Comments