27 Sep '11, 9pm

Early Fossil Fuel & Nuclear Energy Subsidies Crush Early Renewable Energy

Early Fossil Fuel & Nuclear Energy Subsidies Crush Early Renewable Energy

Today, as we seek to move towards a more independent and clean energy future, the truth is that renewables — from a historical perspective — are if anything under-subsidized. This weak support is inconsistent with our nation’s own historical energy narrative, which suggests: Today’s market for cheap power results in part from substantial investment by the federal government in innovative technology. It takes a substantial amount of money, invested over several years, to bring an electricity generation technology to maturity. Although energy subsidies can and do serve many policy purposes, the most basic relate to furthering the development and commercialization of technologies deemed to be in the public interest.

Full article: http://cleantechnica.com/2011/09/27/early-fossil-fuel-nuc...

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