Carbon: Europe's Lessons for the U.S.
The economic downturn is undermining Europe's effort to cut CO2 emissions—and particularly its four-year-old carbon-trading system
Widespread government subsidies, for instance, made countries such as Denmark, Germany, and Spain into global leaders in renewable energy. But now, lower subsidies and a lack of project financing from banks due to the credit crisis are whacking investment in clean energy. European green energy investments fell by 13.7% in the second half of 2008 from the same period in 2007, to $21.2 billion, according to researcher New Carbon Finance. In North America, ... Full Story »
Posted by Dwight Rousu
Subsidize solar.