Monday, July 4, 2011

Energy Shift In Germany - Parables of Broken Windows

Fuming over the Phase-Out: Energy Shift Deeply Divides German Companies - SPIEGEL ONLINE - News - International

"The energy-hungry industrial sectors are also more dependent on state aid than ever before. To offset the consequences of rising electricity prices, the CDU/FDP government wants to create subsidies of up to €500 million a year for the major electricity customers in the steel and aluminum industry. But the plan is being met with resistance from the European Commission in Brussels."

I hesitate to put that this link here, but ...
This is the Parable of the Broken window on steroids. The Globe and Mail had picked up on this theme, related to green jobs, in an article on Green Jobs last week; which is a point I've frequently made regarding 'green' electricity subsidies, more recently in the Globe 2 weeks before the article just noted.

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