alt.energy in Germany
Carbon fail in Germany -- from
der Spiegel:
Funding Shortfall: Germany Forced to Cancel Climate Programs
That the German government is facing a massive budget shortfall for projects aimed at transforming the country into a model of alternative energy and environmental friendliness is hardly new. The European cap-and-trade system has for months been sliding into inconsequence as prices for CO2 emissions have stubbornly remained below �5 ($6.47) per ton. The revenues Berlin earns on the mandatory emissions certificates have suffered as a result.
In response, SPIEGEL has learned, the Environment Ministry is set to cancel several flagship subsidy programs this month -- programs that were to be key elements of Germany's transition away from fossil fuels and towards complete reliance on renewables.
By the end of the month, Environment Minister Peter Altmaier, a member of Chancellor Angela Merkel's conservative Christian Democrats, is set to cut the program aimed at promoting electric cars, a fund for research and development of energy storage technologies and a third program focused on protecting and expanding forestland in Germany as a way to absorb more CO2 out of the atmosphere. In April, further programs are on the chopping block, according to an internal ministry document seen by SPIEGEL. In total, 14 programs or one-time measures are affected.
Good call -- programs like energy storage are best served by the private sector. Some guy in a garage comes up with a viable idea, they are rewarded with the profits. Government subsidies always squash true innovation as the subsidies will stop once you solve the problem -- there is no incentive.
Posted by DaveH at March 20, 2013 10:23 AM