Wall Street Journal's Article "Do We Need Subsidies for Solar and Wind Power?"
It is a highly contentious topic whether or not there should be subsidies for solar and wind power companies who are new and developing. It is necessary for them to receive subsidies in order to be able to put out energy that is comparative to that of oil and coal.
Due to the subsidies that have been provided in the past, alternative energy sources have been doing much better, and as a result, "onshore wind and solar voltaic installations are way up, and the price of delivered renewable energy is way down." This is only possible due to the governments help which will create greater energy diversity and eco-friendly energy. Not only is this beneficial to the environment, but it will be beneficial to the economy in the near future if we can gain energy independence while preserving the environment for society's later reaping of its resources.
What negatives do you think there would be in providing subsidies for these energy sources (wind and solar)?
The Wall Street Journal is a daily newspaper which has a focus towards business and economics, making it a credible source for topics such as alternative energy affecting the economy. The article is written by Mark Muro, who is a senior director of policy on the Metropolitan Policy Program, which indicates his credibility.
Due to the subsidies that have been provided in the past, alternative energy sources have been doing much better, and as a result, "onshore wind and solar voltaic installations are way up, and the price of delivered renewable energy is way down." This is only possible due to the governments help which will create greater energy diversity and eco-friendly energy. Not only is this beneficial to the environment, but it will be beneficial to the economy in the near future if we can gain energy independence while preserving the environment for society's later reaping of its resources.
What negatives do you think there would be in providing subsidies for these energy sources (wind and solar)?
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| Source: solarenginc.com |
The Wall Street Journal is a daily newspaper which has a focus towards business and economics, making it a credible source for topics such as alternative energy affecting the economy. The article is written by Mark Muro, who is a senior director of policy on the Metropolitan Policy Program, which indicates his credibility.
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