Todd Snitchler writes in RealClearEnergy about the dangers of the government picking energy winners and losers.
- 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.
Read the full article here.