UK cutting foolish solar subsidies

The sudden cut in subsidies for the solar energy industry has been clumsily handled but is a victory for Chancellor George Osborne in his battle against green taxes.

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The peremptory cut in subsidies for solar energy announced by the Government this week has stunned an industry that employs 25,000 people and that now faces ruin. The so-called feed-in tariff – which pays owners of solar panels for electricity they generate for the National Grid – will be halved after December 12. An estimated 4,000 companies that were encouraged to become involved in the sector by successive governments’ enthusiasm for renewable energy say that the move will force them into bankruptcy. This is hardly what the country needs as it looks for signs of economic growth. Read more at TDT

25,000 employed in the UK solar “industry”? To produce a trivial amount of electricity at exorbitant rates. Not very productive then, are they?