The Daily Caller discusses subsidies of renewable energy projects with Myron Ebell.
“Whenever subsidies or mandates are lowered, interrupted, or ended, then investment in renewable energy projects disappears,” Myron Ebell, director of the Center for Energy and Environment at the free market Competitive Enterprise Institute, told The Daily Caller News Foundation. “The same thing has happened repeatedly in the U. S. when federal tax credits for wind and solar power have lapsed. The reason is obvious: despite decades of promises that these technologies will soon be commercially viable, they still cannot compete in the market against conventional sources of electricity.”
Read the full article at the Daily Caller.