Spain’s aggressive government support for renewable energy caused utility prices to skyrocket. While costs for energy and everything that uses energy rose sharply, jobs disappeared. With more people needing welfare and fewer producers paying taxes, the Spanish government was forced to admit in 2012 that it simply cannot afford to continue subsidizing “green” energy.
Obama told us to “look to Spain.” I couldn’t agree more.
Sources:
http://dailycaller.com/2014/08/28/spains-green-economy-skyrocketing-power-prices-and-higher-co2-emissions/
Report @ http://instituteforenergyresearch.org/wp-content/uploads/2014/08/Renewables-in-Spain.pdf
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