Thursday, 16 December 2010

Are Subsidies Worth It? Quotes from National Audit Office

1. "Onshore wind is very significantly oversubsidised" (National Audit Office) "The buyout price of £15 per megawatt would be sufficient to support most projects and thus we can assume that the subsidy stream is in excess of needs by at least 33%"

2."The Renewables obligation is a very expensive way to save CO2"

3."The Renewables obligation is faulty in so far as it does not distinguish between technologies of varying merits"

The above is backed by the renewable energy foundation, for further info see NOWAP website http://www.nowap.co.uk/page7.html

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