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Renewables are, sorry to say, a smokescreen for fossile fuel interests.
Take the German example : under german law solar and wind are heavily subsidised via feed in tarrifs, which is expected to result in a grid that is about 10% renewable one of these days - This means that said grid would still be 70% fossil and 20 percent nuclear, and the projected costs to the German state of the current policy of feed in tariffs for renewable electricity are sufficiently high that if this money were invested in building EPR's via cash financing instead, the result would be the creation of a german sister to EDF- A wholly stateowned and debtfree utility with sufficient reactors to power 100 % of German demand. - Which would rather bankrupt, eh, all, the existing utilities. (because competing with a reactor which has had its capital costs written off is impossible. )
by Thomas on Fri Jan 8th, 2010 at 05:20:41 AM EST
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