Europe's Power Struggle
From renewable energy to nuclear power, Europe is facing difficult choices. Building renewable and nuclear power facilities is expensive, especially when public money is scarce. The conflict is causing confusion over the direction of national energy policies and questions about the sustainability of state subsidies.
It's not just Greece; most of Europe is a mess. Last Friday, Solar Daily reported, "Spain is cutting subsidies for clean energy production, a sector in which it has become a leader in Europe, as part of a wave of crisis spending cuts." These subsidies helped Spain become the largest source of wind energy in Europe, meeting 21% of total demand, ahead of the 19% met by nuclear power. Overall, renewables provided one-third of Spain's power in 2011. Now, Spain faces additional cuts as it aims to stabilize its finances....628 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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