Wind Farm subsidies are to be cut 10% as George Osborne refuses to sign for more economic suicide from Climate Change Targets post 2020.

This has been a very long time coming, but at last some sense is starting to prevail, and the rollback of the Green nightmare is starting in Britain.

George Osborne is refusing to sign up to new carbon emissions targets and insisting on a new ‘dash for gas’ as the Government prepares to unveil its latest energy plans. The Chancellor, backed by David Cameron, is understood to be determined not to commit Britain to tough new climate targets beyond 2020, arguing they will put businesses at a significant disadvantage.

Perhaps at last Osborne and Cameron have woken up to the dangers of  economic disaster that greening an economy causes, EU member state Spain being a classic case of how to wreck an economy with renewables.

The Chancellor had been pushing for even steeper cuts – but agreed to accept Liberal Democrat Energy Secretary Ed Davey’s proposal for an initial ten per cent reduction, followed by a further review next year.

In exchange, the Lib Dems have agreed that gas-fired power stations will be a key part of Britain’s energy production well into the 2030s, despite the objections of climate change campaigners.

The Government will commit to introducing a ‘simple and stable regulatory regime’ to allow domestic shale gas development, using the controversial process of ‘fracking’.

The green light for the dash for gas, at last Britain has a chance to benefit from cheap gas and economic prosperity, in the same way that the shale gas revolution in the US has caused record low gas prices, cheap energy and real lasting jobs not dependent on tax payer subsidies.

A report from MPs today insists Britain and the rest of Europe should sign up to even stricter emissions targets to boost green energy.

They recommend the EU cuts carbon emissions by 30 per cent by 2020 – instead of the current 20 per cent which they claim is ‘not ambitious or challenging’.

The Energy and Climate Change Committee says that despite opposition from the US and China to legally-binding caps on emissions, Europe should ‘show leadership’ on climate change.

It would be a very committed, stupid or brave politician that would want to follow Julia Gillards Carbon Tax, in their own country, Australian Labor is all but dead in the polls and all because a politician  gave into the Greens and brought in a unilateral Carbon Tax that will do nothing to prevent Climate Change, but will destroy industry and jobs.

The once influential Climate Change Committee must get used to the post Rio+20 world, no one cares about the Green agenda any more except those that belive in Climate Religion, and those that anticipate making a lot of money out of being Green.