Billions Wasted on Wind Power: Study
It doesn’t matter how many times the eco-loons are told that wind is a complete and utter waste of money, they refuse to listen, as they view the monstrosities as a symbol of their cause.
Earlier this week, Matt Ridley argued that the case for wind power had been torpedoed, and now another UK study demonstrates (yet again) that wind power is highly expensive, inefficient (and ugly), claiming that wind power is ten times more expensive than using gas-fired power stations to achieve the same emissions reductions:
GOVERNMENTS are squandering billions of dollars on “uneconomic” wind farms, according to a landmark study thatundermines the case for Labor’s huge renewable energy subsidies.
Investment in wind turbines will fail to cut enough greenhouse gas emissions to justify their cost, economists warned yesterday after a detailed British analysis released this week.
The conclusions challenge a cornerstone of Labor’s climate change policy as the federal government pours taxpayer funds into wind projects using direct subsidies, a planned $10 billion investment fund and renewable energy targets.