28 Oct '12, 2pm

#peakoil Renewable Energy: The Vision And A Dose Of Reality: In recent years, there has been more and more talk

#peakoil Renewable Energy: The Vision And A Dose Of Reality: In recent years, there has been more and more talk

The financial benefit of a feed-in tariff accrues to a few relatively wealthy renewable energy entrepreneurs, while the cost of the subsidy is borne by electricity consumers. It will become increasingly difficult to justify high levels of private payments as times get harder and electricity bills become less affordable for the masses. The costs, for tariff payments, for back up generation capacity, and for infrastructure build out, have escalated rapidly on increasing installed capacity in early adopter countries. Cutting feed-in tariffs, or whole programmes, is likely to become a means of scoring easy political points once we move from general support for green initiatives towards a greater focus on a shrinking economy. Environmental concern peaks with the economy, in that people who do not have immediate worries of scarcity place more importance on wider issues with a lo...

Full article: http://peakoil.com/alternative-energy/renewable-energy-th...

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