Posts
IT'S
OVER: Why Everyone Is Losing Hope For Green Energy
26
April, 2012
On
the surface, green energy sounds like a great idea.
Unfortunately,
it is extremely costly and requires heavy government subsidies.
Last
year, the epic downfall of Solyndra —
the former solar cell manufacturer backed by the Obama administration
— was one of the most notorious blows to the industry.
As
with most young industries, experts argue that green energy just
needs time before it can reach economies of scale and become cost
effective.
But
lately, those time frames have become extended. Meanwhile,
fossil fuels like coal and natural gas continue to be devastatingly
cheap.
We
pulled together key charts from the studies that are causing people
to lose hope in green energy.
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