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Renewable energy losing its shine in Europe

2013-03-22 04:15:00| Climate Ark Climate Change & Global Warming Newsfeed

USA Today: For British entrepreneur Timothy Porter and millions of other Europeans who get generous financial incentives for solar panels, the sun has been very lucrative. Not only does the government pay Porter for producing solar energy he produces, at far higher than the market rate for electricity, but he can also use what he generates for himself. "It's fantastic," he said, admiring the solar panel he installed on the roof of his home in the English West Midlands two years ago. Such subsidies...

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