We have written about this before and will have to again and again as California continues down a road where Europe is executing U Turns and returning to fiscal sanity. In California CARB mired in the ditch of an environmental fantasy and are not not paying attention to the U turns on the road above.
- The Spanish and Germans are doing it. So are the French. The British might have to do it. Austerity-whacked Europe is rolling back subsidies for renewable energy as economic sanity makes a tentative comeback. Green energy is becoming unaffordable and may cost as many jobs as it creates. But the real victims are the investors who bought into the dream of endless, clean energy financed by the taxpayer. They forgot that governments often change their minds. -- Eric Reguly, The Globe and Mail, 27 January 2011
- The European commission's emergency suspension last week of trading in carbon allowances to put a halt to rampant theft of credits by hackers has been extended indefinitely until countries can prove their systems are protected from further fraud. --Leight Phillips, The Guardian, 27 January 2011
Republican's are trying to provide some fiscal sanity in the United States, but the President is not listening.
- As President Obama encourages the nation to spend heavily on creating a new, green-energy economy, he faces stiff resistance from lawmakers worried about deficits and what the administration's restrictions on existing power sources could do to the already rising cost of energy. --Doug McKelway, Fox News, 27 January 2011
President Obama is not giving up his quest for "clean energy" regardless of the cost, as is California Air Resources Board, who are providing moral support for his clean energy standard, hoping he will adopt CARB's job killing standard.
- Listen carefully to Mr. Obama's speech and you realize he spent plenty of it on carbon controls. He just used a different vocabulary. If the president can't get carbon restrictions via cap and trade, he'll get them instead with his new proposal for a "clean energy" standard. Mr. Obama has no intention of letting go of his carbon-free world. He instead went to plan B. It's cap and trade by another name.—Kimberley Strassel, The Wall Street Journal, 27 January 2011 (Account required)
Here is the big question, what will be the economic impact when Obama and CARB's house of carbon credit cards, built on a squishy foundation of climate science fraud, collapses?
- What happens to renewable energy when alarmist climate science collapses? And even if the ideological rearguard action drags on for years, what about the fact that shale gas is about to make renewables look even more ridiculous in terms of both economics and emissions? –Peter Foster, National Post, 21 January 2011
H/T to Dr Benny Peiser at the The Climate Policy Network