Tag Archives: Italy

Italy proposes a carbon tax – go, Monti, go

4 Dec

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Introducing carbon taxes instead of the currently struggling European cap-and-trade (ETS) system would be a good idea. Let’s hope the Italians mean it, and that this enthusiasm will survive the upcoming elections.

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The last minute solar party in southern Europe

27 Jul

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Solar power has been a booming business recently, thanks in part to fast declining costs, but more importantly governments that sprinkled it with lavish subsidies. And the curious thing was that the governments that could afford it the least were among the most generous. In 2011, almost a third of global solar capacity installations happened in Italy. Greece also tripled its solar capacity in 2011. It’s a good example how blatantly generous these governments have been at the brink of financial collapse – it was one last crazy party before the fall. And the party is followed by a nasty hangover: as subsidies are lowered, European solar producers shrink their capacities and/or whine about lower demand for their costly products.