The debate whether subsidies to the renewable industry are worth it rages across the world. Though the results of this study are only directly applicable to the US, many rich countries have similar factors at play and are likely to produce similar cost-benefit analyses.
One of the biggest criticisms of the renewable-energy industry is that it has been propped up by government subsidies. There is no doubt that without government help, it would have been much harder for the nascent technology to mature. But what’s more important is whether there has been a decent return on taxpayers’ investment.
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One of the biggest criticisms of the renewable-energy industry is that it has been propped up by government subsidies. There is no doubt that without government help, it would have been much harder for the nascent technology to mature. But what’s more important is whether there has been a decent return on taxpayers’ investment.
Read more........
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