Scott Luft continues to source high quality energy-policy insights. I read the German Energy Blog, but did not notice any reference to this in-German piece, explaining the truth about wind/solar subsidies – these are simply transfers from the poor to the rich – enacted by the rich elites so they can “feel good”. See Cold Air Currents for the dirty secret of wind subsidies:
Another economic perspective of the wealth distribution from feed-in-tariffs. The article is German (the translation is simply using Google’s translate function) Wind power: The dirty secret of the energy revolution | FTD.de:
What sucks is that representatives of the industry act as if they were traveling on behalf of a higher mission. Sure, the energy transition is a gigantic project for the future, with the reverses of our economy. A project that inspires. But it is also one of the largest redistribution programs from bottom to top, which Germany has seen for a long time.
(…) Even industry representatives unofficially admit that these transfers are a “huge issue” and the high rents are insane. But there are notoriously tricky topics giants, they would rather not talk loudly…
My favorite phrases were these:
Wenn Sie also das nächste Mal ein Windrad sehen, denken Sie nicht: Das ist schön oder hässlich. Oder sauber oder störend. Denken Sie einfach: Glückwunsch! Da ist jemand verdammt reich geworden.
which Scott translated thusly
So if you see the next time a wind turbine, do not think: This is beautiful or ugly. Or clean or disturbing. Just think: Congratulations! Someone’s been damn rich.
My paraphrase would be
So if you see the next time a wind turbine, do not think: This is beautiful or ugly. Or clean or disturbing. Just think: another political payoff to the rich wind developers – funded by the working taxpayers.