Holland Dumps Wind Solar Carbon Credits: Holland Goes Nuclear

Some sanity seen in The Netherlands. Holland is foresaking it’s carbon credits, wind and solar, and embracing nuclear energy. A new nuclear plant is underway, the first new nuclear facility in 40 years. Subsidies for wind and solar have been slashed.

“Holland thus becomes the first country to abandon the EU-wide target of producing 20 percent of its domestic power from renewables. This is a remarkable turnaround from a state that took the Kyoto Agreement seriously and chivvied other EU members into adopting renewable energy strategies. The FT reports that instead of the €4bn annual subsidy, it will be slashed to €1.5bn.

Holland’s only nuclear reactor, the Borssele plant, opened in 1973, and was earmarked for closure by 2003. In 2006 the plant was allowed to operate until 2034, and the following year the government abandoned its opposition to new nuclear plants.” Source: The Register

Related Posts Plugin for WordPress, Blogger...