Cap and Trade: The Dark Side - Stoft

The Dark Side In ActionThe Discovery of the Dark SideGerman Wind Turbines Save No CarbonSpiegel Online notes, “Experts have known about thissituation [a dark-side deception] for some time, but itstill isn’t widely known to the public.”“Dear Daniel, sorry, but the renewable energy lawwon’t do anything for the climate anyway.” That’s froman internal e-mail obtained by Spiegel from Germany’sGreen Party.*Germany’s wind and biomass generators saved120 million tons (!) of carbon in 2008—in Germany.But Spiegel tells us:“Despite Europe’s boom in solar and wind energy, CO 2emissions haven’t been reduced by even a single gram[of carbon]. … German wind turbines… simply allowEastern European countries to pollute more.”The Dark Side will Stymie CongressThe European cap just turned Germany’s $4 billion ayear renewable subsidies into subsidies for East Europeancoal burning and other carbon emissions.The U.S. Congress is about to pass a “RenewableElectricity Standard” that will cost billions in higherelectricity rates. But, just like in Germany, it will notsave even a single gram of carbon under the new carboncap.… one more point, then the explanation.Can you make a difference? →* www.spiegel.de/international/business/0,1518,606763,00.htmlCopyright © 2009, Steven Stoft Page 4 Please distribute freely.