Todd Snitchler writes in RealClearEnergy about the dangers of the government picking energy winners and losers.
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- Subsidies for mature energy technologies distort markets and lead to the government picking energy winners and losers.
- Subsidizing mature energy sources also stifles innovation by crowding out funding and opportunities for emerging or yet-to-be-invented technologies.
- Policymakers can accelerate innovation and bolster energy security by reducing barriers to allow the market to pick winners and losers.
“Planning a next generation energy system that balances a cleaner grid with sufficient dispatchable resources like natural gas with non-dispatchable resources to ensure reliability is vital. And there may be a productive role for the federal government to play. But putting a thumb on the scale in favor of one or two chosen resources that are more than capable of competing on their own is not the way to do it.”
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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.
