From OilPrice.com:

The global clean energy industry is set for a major crash. The reason is simple. Clean energy is still much more expensive and less reliable than coal or gas, and in an era of heightened budget austerity, the subsidies required to make clean energy artificially cheaper are becoming unsustainable.

Clean tech crashes are nothing new. The U.S. wind energy industry has collapsed three times before, first in the mid-1990s and most recently in 2002 and 2004 when Congress failed to extend the tax credit that made it profitable. But the impact and magnitude of the coming clean tech crash will…

Read full article…

More on alternative energy:

This could be the No. 1 myth about alternative energy "solutions"

Why electric cars aren't nearly as "green" as most people think

Japanese company claims to have invented a car that runs on nothing but water