Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Let me put this as bluntly as at all possible. The german solar subsidy program 2004-2009 entailed was a total financial commitment from the German state of 60. Billion. Euros. in present value. What the germans got for that money was an installed capacity of 1.3% of their total electricity production.
An equivalently sized investment (Not subsidy. Investment!) in nuclear capacity would have meant that every coal plant in Germany would either already have been demolished, or be scheduled for the teams with the dynamite within at most 3 years.
Not made less profitable at the margin on some future date. Already blown the fuck up due to being utterly worthless.
If the German example leads other people to copy that type and scale of subsidy? That counts as a negative externality.
by Thomas on Wed Apr 28th, 2010 at 01:27:52 AM EST
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