The Magic of Subsidies

If ever there were something that accomplishes magic, then subsidies just might be it.

See how it works.   You sprinkle some subsidy fairy dust on to renewable electricity prices  and suddenly there are wind turbines everywhere! The magic doesn’t stop there – didn’t you know?   Magic always comes at a price, in this case the cash in your wallet starts appearing in the wind turbine owner’s bank account!   But wait, it goes on.   No-one wants to build conventional power stations, even carbon-free ones, because they don’t make enough money any more.   Don’t you worry, the Government have it all figured out . There is any easy solution.

Yes, you guessed didn’t you?   More subsidies…

http://www.theecologist.org/News/news_round_up/2598863/nao_investigates_hinkley_c_nuclear_subsidies.html 

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