30 Aug '15, 12pm

Renewable Energy Doing So Well That Subsidies Could End: Energy Secretary Moniz

By Stephen Edelstein 33 views Aug 30, 2015 Wind farm, by Flickr user Patrick Finnegan (Used under CC License) Enlarge Photo Government subsidies have been an important lifeline for renewable energy, helping to make different technologies viable even when costs are not in their favor. But at what point will the industry be competitive enough with fossil fuels that subsidies will no longer be necessary? It's possible that will happen sooner, rather than later. DON'T MISS: As Solar Power Spreads, Diverse Users Fight Utility Attempts To Penalize It The head of the U.S. Department of Energy now believes renewable energy is doing well enough that subsidies could end. Energy Secretary Ernest Moniz now believes renewable energy can be cost-competitive with fossil fuels, even without subsidies, reports the Washington Examiner . On a call with reporters earlier this week, Moniz said...

Full article: http://www.greencarreports.com/news/1099795_renewable-ene...

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