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As with all industries when you pull away subsidies their business models either adapt or they die off. In this case, it'll definitely result in a die off of so
by ladyattis 4y ago
As with all industries when you pull away subsidies their business models either adapt or they die off. In this case, it'll definitely result in a die off of some wind turbine manufacturers and wind farm projects but over all it's better than keeping the thumb on the scale. Also, this is doubly true with respect to the petroleum industry. The US continues to prop up oil companies via subsidies and various tax evading credits. If a similar attitude was taken with oil with the removal of such thumb-on-the-scale subsidies then we'd see a massive die off of oil companies across the board. Frankly, if this is was done I suspect all renewables would look far better to investors than oil does.