The GND, in other words, is redistributionist, yes, but the redistribution goes from the bottom to the top — from the poor and from workers to wind and solar investors. Again, Europe’s example is instructive. The drive to subsidize renewable energy led Britain to drop its pledge to abolish fuel poverty. The official measure of fuel poverty, defined as households spending 10 percent or more of their income on energy, kept rising. So it was replaced with a new government definition less sensitive to rising energy costs, instantly halving the number of households officially deemed fuel poor.
Meanwhile in Germany, Europe’s wealthiest country, at one stage more than 300,000 households a year were being disconnected because of unpaid bills.
“It is only gradually becoming apparent how the renewable energy subsidies redistribute money from the poor to the more affluent,” the left-of-center Der Spiegel newspaper editorialized. Energy companies know that the best way to avoid accusations of price gouging is to claim that it’s to fight climate change. For this reason, renewable energy acts as a conspiracy against the less well-off.