Europe is seen as the future of environmentalists philosophy, but not for long.
With skyrocketing energy rates for customers to fund “renewable energy” projects, many nations are deciding to cutback on investments.
Here’s more from the DailyCaller.com:
The average European spent 26.9 cents per kilowatt-hour on electricity during the last full year of data, while the average American only spent 10.4 cents, according to an analysis of government data previously published by The Daily Caller News Foundation.
Even EU nations where power is relatively cheap pay a lot more for power than any U.S. state. Great Britain, for example, pays an average of 54 percent more for electricity than Americans paid last year. Much of the expense comes from subsidies for green energy, which account for roughly 7 percent of British energy bills, according to government study released last July.
Power prices are so absurdly high on the continent that cutbacks have already been made. Denmark’s new government pledged to reduce the amount of money it spends on “green” energy by 67 percent in December, and Germany plans to abandon the construction of new wind power plants by 2019.