Jonathan Lesser writes in RealClearEnergy about the impact of green subsidies.
- Green subsidies that have been in place for nearly half a century have cost taxpayers dearly and failed to meaningfully transform America’s energy portfolio.
- Subsidies for any mature technology distort the market, protect incumbents, and reduce competition and innovation.
- Instead of politically favoring specific and well-established technologies, policymakers should adopt technology neutral tax policies and support basic research and development.
“The overwhelming majority of green energy subsidies reward politically powerful constituencies and businesses whose primary purpose is not to build better energy mousetraps but to build only ones that qualify for the largest subsidies.”
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.
