Current Market Price for Electricity 3.4 ¢/kWh
20-year fixed price for Solar Power 80.2 ¢/kWh
20-year fixed price for Wind Power 13.5 ¢/kWh
As you know, the Spanish economy is in trouble. Part of the reason is the subsidy paid to solar-powered electricity producers. Apparently the government has seen the light and will reduce the subsidy paid by 30%, although the prices were guaranteed by law for 25 years. Legal actions to follow.
In the Netherlands, Colorado and Texas: http://scienceandpublicpolicy.org/images/stories/papers/reprint/subsidizing_co2.pdf
Subsidizing CO2 Emissions via Wind Power: The Ultimate Irony. Read it and weep!
Come ride the Carbon Carousel!
Denmark encouraged carbon brokerage firms to establish themselves in that country by skipping background checks, requiring only an email address. The Danish paper Ekstra Bladet and Europol report on a fraud known as a "tax carousel" in which Danish-registered companies buy carbon credits from brokers in other European countries, tax free. To avoid paying a Danish VAT of 25% most of the Danish-registered companies shut down and disappeared. The scheme has cost treasuries in Denmark and other European countries €5 billion and thrown into question the veracity of thousands of carbon trades. This scam highlights the vulnerability of s system based on trading an intangible asset, in effect a computer certificate that can be moved from account to account in endless loops.
Here comes the Carbon Tax you’ve all been waiting for.