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Which would make a system that subsidized the first x megawatt produced at certain rate, and then declined coherent policy, but the subsidies are unbounded, or bounded by year of production instead of number of installations built, and that creates strong incentives to build as fast as at all possible, and to hell with cost, because this nets you the highest subsidy, and total expediture on these subsidies are, quite simply, insane for the results they produce. I saw a blog post on this just recently... one sec.


The financial commitment for 2009 alone is a minimum of 18 billion euros plus. An equivalent investment in nuclear capacity would allow the German government to build 6 EPRs, producing some 9 times the power and earning the government a profit Because it would own all six free and clear. This is, quite simply, mad.

by Thomas on Tue Apr 27th, 2010 at 03:55:02 PM EST
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