The
Guardian recently reported that one of Spain's top sources for electricity in
2013 was windpower (La energía eólica es la fuente superior de España de la electricidad en 2013)
The
same week, the New York Times came out with an article that details Spain's
withdrawal of support for solar energy--a cut that the Spanish government sees
as unavoidable (though it hits small time investors hardest).
The
two articles suggest Spain's position as a country pursuing green initiatives
at a time of economic crisis. I would like to get your opinion both on Spain as
a green country, and the government actions regarding solar power.
What
do you think of the government changing its contract and effectively paying
less (and even charging) energy producers? Were these small time
investors essentially speculators (who should not have expected the prices to
stay in their favor)?
What
are the potential costs of this pullback--how could it harm both the Spanish
people and the government? Do they have other options?
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