Countries serious about their economic prosperity are getting serious about serious power generation. Ontario, China and Japan have slashed subsidies and mandated targets for wind and solar; between them China and Japan are building hundreds of high-efficiency, low emissions coal-fired plant at home and even more across South-East Asia.
Germany’s transition to an all wind and sun powered future has descended into an economic debacle and, soon enough, it will be forced to retreat from the brink.
Australia’s new Federal Energy Minister, Angus Taylor is determined to slash subsidies to wind and solar, referring to them as “virtue signalling with other people’s money”. Ominous stuff for renewable energy rent seekers, Downunder.
It’s almost like there’s been a breakout of common sense!
Lawrence Solomon picks up the theme below.
Lawrence Solomon: Trudeau stands alone as Canada — and the world — abandons green energy
Business Financial Post
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