A botched green energy subsidy scheme will cost U.K. taxpayers more than $1.4 billion, or more than 45 times its initial cost projections, according to a whistleblower.
As European nations come to grips with the exorbitant costs of energy subsidies and over-reliance on "green" energy (and build new coal-fired power plants to offset those costs and address the intermittent nature of wind and solar energy), the U.S. has been heading in the opposite direction -- President Obama's onerous Clean Power Plan. Thankfully, the plan is held up in court, as the world is beginning to recognize the enormous costs of complying with the non-binding Paris Climate Agreement. The question remains, though, whether America will go the way of California, which already has electricity prices 40% above the national average and the highest retail gasoline prices in the U.S.?
Acres required to power 6 million homes -- Wind: 250,000; Solar: 130,000 Nuclear: 430