Monday, December 12, 2011
Renewable energy: Vision or mirage? -- Adam Smith Institute
Renewable energy: Vision or mirage? a report by the Adman Smith Institute of Great Britain, dated December 12, 2011 argues:
"As renewable energy sources produce power intermittently, they cannot replace gas, coal and nuclear generation, even with further development.
Solar and wind energy have no prospect of becoming economically competitive in an unrigged market. Government intervention will lead to higher energy costs and jeopardize energy security.
Increased investment in wind turbines will do little to reduce carbon emissions and fossil fuel consumption."