Private Sector Investment in Renewable Energy and the Need for Federal Subsidies | Global warming blog by Henry Auer

Jun 3rd, 2012 | By | Category: General

Institutions in the private sector are actively implementing renewable energy projects that optimize energy efficiency, install local renewable energy facilities, and/or purchase energy that has been generated by renewable technologies. Motivations for undertaking these projects include economizing on costs, reducing overall energy usage, and reducing fossil fuel use and emission of greenhouse gases.

In order to encourage these private sector activities, the U. S. federal government should maintain and expand subsidy support for renewable energy. At the present time this support is contracting radically as the result of expiration of several short-term subsidy programs. Respected authorities suggest expanding subsidy programs by three-fold, together with tailoring of subsidy programs to optimize effectiveness by, for example, stimulating strong competition and enhancing public-private consortia for deployment of renewable energy.

For more on this story, visit: Global warming blog by Henry Auer: Private Sector Investment in Renewable Energy and the Need for Federal Subsidies.

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