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California’s Solar-Power Welfare State

The Wall Street Journal’s Editorial Board writes on solar subsidies in California.

The C3 Take
  • Climate change poses a real risk for which innovation, mitigation and adaptation steps are important to reduce that risk.
  • Subsidies for mature industries (oil, gas, solar, wind) distort markets and can have a negative effect on overall affordability, reliability, and innovation.
  • An “all of the above” best of the best, clean, balanced and resilient approach that encourages competition is ultimately what’s best for the environment.

“The dirty little secret about green energy subsidies is that they are welfare for the wealthy. And like any entitlement, they are hard to reform once people get hooked. Witness the revolt by the rich against a California proposal to scale back subsidies for rooftop-solar panels.”

Read the full article here.

The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.

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