South Australia’s wind and solar obsession drove power prices through the roof and whole industries out of business. The state is an economic backwater, critically dependent upon Commonwealth defence spending to maintain a few meaningful jobs building frigates and submarines for the Navy.
And South Australia isn’t the only place in the world where subsidised, intermittent and wholly unreliable wind power has become a proven social and economic disaster. Oh no. The inevitable consequences of trying to run an economy on the whims of the weather are universal.
In this post STT covered a very detailed study from Wisconsin on the effect of rising power prices in subsidies diverted to wind and solar has on real jobs. Based on actual data, not models and assumptions – Wisconsin’s piddling 10% renewable target knocked a $billion hole in annual economic activity; is killing off 10,000 real jobs every year; and, surprise, surprise…
View original post 2,339 more words