Climate change is the greatest new public-spending project in decades. Each year as much as $100 billion is spent by governments and consumers around the world on green subsidies designed to encourage wind, solar, and other -renewable-energy markets… Both the International Energy Agency and the Organization for Economic Cooperation and Development have asked Germany to end its ludicrous solar subsidies that will total $115.5 billion by 2013. In theory, these subsidies are designed to create viable markets for climate-friendly technology by bringing down production costs, after which subsidies could be phased out. But Germany’s solar program has been a textbook case of how subsidies achieve the opposite of their stated intention.