Europe's Illusion of a Renewable Future

TheResiliantEarth
The cruelest impact of all has been on the German people, who have seen skyrocketing energy costs. According to some, the rising cost of Germany’s energy policy actually threatens its industrial base. Once again the bad idea at the root of the burgeoning problem is the feed-in tariff. “Ballooning costs of subsidising feed-in tariffs under Germany’s EEG have increased to more than 120 billion euros between 2000 and the end of 2013,” says World Review. “Germany’s electricity is 40 per cent more costly for private consumers and 20 per cent more expensive for industrial users than the EU average.”