More than 68% of New European Electricity Capacity Came From Wind and Solar in 2011

[kristopher]

84. That is a perfect example of why my remark isn't an insult.

We've been down this road before - if you don't want to be criticized for your lack of understanding on the topic of economics, then you need to get some knowledge on the topic.

Is the developing world still using tubes in their electronics or do they use transistors? Do you know how much transistors cost before they became a mass produced commodity?

Subsidies serve to create a market that will bring the manufacturing base and supply chain for renewables up to the point where their costs falls below that of fossil fuels. Have you noticed the regular decreases in the subsidies paid for new generation in Germany? That's because the program is working exactly as it is supposed to - they have to keep cutting the subsidy in order to maintain the same profit margin for new investors at the same level as previous investors. The declining costs of the technology means that if they do not cut them, the new investor makes far more than a previous investor.

The DECLINING COSTS OF THE TECHNOLOGY...