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A new report – coauthored by researchers from the Brookings Institute, the World Resources Institute, and the Breakthrough Institute – examines the coming decline in subsidies and tax breaks for renewables, and what that decline might mean for the U.S. renewables industry. The report argues that the decline imperils the industry, but suggests that this issue presents an opportunity to reform the subsidies and programs currently in place. The American Recovery and Reinvestment Act of 2009 ushered in a brief era of heightened support for the clean tech and renewable energy sectors, providing just over $150 billion through 2014. However,… [more]View Insight
Note: Synopsis based on OurEnergyPolicy.org review. Synopsis intended solely for purposes of generating discussion. How a Limited and Direct Approach to Energy Innovation Can Deliver Clean, Cheap Energy, Economic Productivity and National Prosperity By Steven F. Hayward, American Enterprise Institute Mark Muro, Brookings Institution Ted Nordhaus and Michael Shellenberger, Breakthrough Institute Fossil fuels have undeniably been critical to American prosperity and development, but we can gradually move toward cleaner, healthier, and safer energy sources. Our goal today should be to make new clean energy sources much cheaper so they can steadily displace fossil fuels. If we structure this transition correctly,… [more]View Insight