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Subsequently, these sources require back-up power such as natural gas.
As a result, the extra costs associated with keeping gas-powered plants idling increases electricity prices for consumers and generates additional greenhouse gas emissions.
We’ve already seen what happens when governments subsidize wind and solar energy.
In Ontario, as a result of that province’s Green Energy Act, which subsidizes renewable electricity, residential electricity prices rose a staggering 71% between 2008 and 2016.
The province’s industrial sector also suffered from significant price hikes, which is one of the key costs for manufacturers.
In fact, the increase in electricity prices cost Ontario an estimated 74,000 manufacturing jobs between 2008 and 2015.
And despite the massive subsidies paid to renewable generators, wind and solar account for only about 8% of Ontario’s electricity output.
Past experiences from other countries also suggest similar results.
Consider Germany’s push towards renewable energy.
According to reports, Germany’s Energiewende, the country’s ambitious plan to shift from nuclear power to renewables, is destined to fail.
After spending 160 billion euros over the last five years, Germany has failed to materially change the mix of its electricity grid with conventional sources still providing two-thirds of the output while emissions have remained relatively stable when the goal was to reduce them.