Green power runs out of puff

The short-sightedness and ignorance of politicians in the face of the looming world-wide energy crisis appears to have no bounds. Here is an example from Australia:

The [Australian] renewable energy industry has suffered a severe setback with a collapse in prices putting many proposed wind farms in jeopardy.
Industry proponents blame Federal Government policies and the damaging actions of big hydroelectric companies for threatening as much as $6 billion of investment. They say many proposed projects may now not proceed. Since last year’s federal election, the price of renewable energy certificates, known as RECs, has slumped from about $40 a megawatt hour of electricity generated to about $36 because the Howard Government’s decision not to increase the renewable energy quota is starving the market of growth potential.

See more at:
The Age