Sunday, June 14, 2015

My Way: lesson from the Spanish economy



Couldn't take a really summarise with a picture or two so I will try to image it in words.
Looking down along a blue-green ridge to the valley of the rio Sil and the city of Ponferrada.
On the right a coal-generation plant spews a smog, fouls the waterways and demands valuable farmland to stockpile it's fuel.
On my left a row of quiet turbines harvest the passing breeze.
Over 30% of all power in Spain is now from wind and more than half is from renewable.
Is that the cause Spain's economic woes and an unemployment rate of over 20%? No, not according to The Ecomomist http://www.economist.com/news/europe/21649660-spanish-unemployment-ticks-up-again-many-workers-are-sinking-poverty-not-doing-job That was caused by a bubble of bricks and mortar investment.
Australia take note.



Posted from Lee Shipley's phone


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