BRICS vs PIGS – the Myth that Green Energy will promote Prosperity

June 24, 2011 08:15


[F]or countries who have been driven by green zealots into the solar energy shade or the wind energy doldrums, rising power costs are destroying their industry, jobs and prosperity.

by Viv Forbes Chairman, The Carbon Sense Coalition

Australia and New Zealand are becoming the climate fools of the Pacific.

It is time they stopped aping the failed anti-carbon policies of a decaying Europe and got in step with our buoyant customers and competitors who are immune to the European madness.

Europe was lead into the green swamp by Germany, UK, Denmark and California. Now, more than any other large region on earth, Europe has embraced the green energy dream.

For France, with its nuclear power, Scandinavia with hydro power, and Iceland with geothermal power, this is not burdensome.

But for countries who have been driven by green zealots into the solar energy shade or the wind energy doldrums, rising power costs are destroying their industry, jobs and prosperity.

Contrast the PIGS Group of climate alarmists (Portugal, Ireland, Greece and Spain) with the BRICS Group of climate realists (Brazil, Russia, India, China and South Africa).

While the PIGS suffer one financial crisis after another, the BRICS continue their rapid expansion of coal power, step up exploration for oil and gas, exploit every silly carbon credit scheme and happily manufacture solar panels and wind turbines to sell to the true believers.

Unless Australia and New Zealand wake up, they will find their industry exported to the BRICS and their poverty imported from the PIGS.



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