The WSJ on Wind

http://www.futureofcapitalism.com/2010/11/the-wsj-on-wind

The Wall Street Journal has an editorial about additional proposed subsidies for wind and solar:

Massachusetts Secretary of Energy and Environmental Affairs Ian Bowles, hardly a Milton Friedman apostle, describes cost-sharing as "a radical Soviet-style approach to transmission planning."...

This is all the more maddening given that renewable energy projects already receive tens of billions of dollars of loans, grants, tax credits, earmarks, renewable energy mandates, stimulus money, and on and on. According to a 2007 U.S. Department of Energy study, wind and solar already receive subsidies that are more than 20 times greater per kilowatt of electricity than conventional power sources. But as with ethanol, even these subsidies are never enough.

by Editor  |  Nov 8, 2010 at 11:15 am Related Topics:  Energy receive the latest by email: subscribe to the free futureofcapitalism.com mailing list