Today’s New York Times features a dispatch from Portugal today, discussing the amazing growth as well as the pitfalls of Portugal’s rapid transition in building its renewable energy capacity. Nearly 45% of Portugal’s energy will come from renewable sources this year, outpacing many other countries, including the United States:
Although a 2009 report by the agency called Portugal’s renewable energy transition a “remarkable success,” it added, “It is not fully clear that their costs, both financial and economic, as well as their impact on final consumer energy prices, are well understood and appreciated.”
Indeed, complaints about rising electricity rates are a mainstay of pensioners’ gossip here. Mr. S
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