What can we learn from Germany’s experience with BigWind subsidies?

Repeatedly, we have stated the importance of learning from the mistakes of other countries. Germany is one of those countries. The last sentence below says it all. what would this do for American jobs, manufacturing, and our standard of living if our renewable energy subsidies continue and our electricity rates rise?…. It is time to end the Federal Wind Production Tax Credit. It is time to embrace our plentiful natural resources like natural gas, clean coal, nuclear, hydro and only subsidize research for the next great energy discovery – could it be thorium?

German lawmakers backed an extensive revision of the country’s EEG clean-energy law to curb subsidies and slow gains in power prices that are the second-costliest in the European Union.

The legislation, which introduces limits on how much onshore wind and biomass capacity qualifies for the full subsidies and lowers existing targets for solar and offshore wind, pulls energy policy “out of the quicksand,” Economy Minister Sigmar Gabriel told reporters after the vote in the lower house. “We have to expand renewables with more planning security.”

Chancellor Angela Merkel is seeking to curb subsidies in Europe’s biggest renewables market even as she pushes through an “energy switch” from nuclear power. Her plan would see all the country’s reactors shut by 2022 and the share of renewables rise to at least 80 percent by 2050, from about a quarter now. “Excessive” power-price gains are making the expansion of renewables unsustainable, Gabriel said earlier today….

Germany has the second-highest electricity prices for private households in the 28-nation EU afterDenmark, according to Eurostat.

via German Lawmakers Vote to Reduce Renewable-Energy Subsidies – Bloomberg.

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