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The subsidies aren't there to make anyone richer/more equal/etc... They are there to get scales of economy developing in Renewable Energy such that the price co
by ghshephard 14y ago
The subsidies aren't there to make anyone richer/more equal/etc... They are there to get scales of economy developing in Renewable Energy such that the price comes down.
It's been extraordinarily effective in Solar.
The only rational reason to make these investments as a society is if we believe that Petroleum/Coal/Nuclear based energy has externialities (or present-value-risk-adjusted externialities) - I.E. Climate Change, Pollution, Nuclear Disaster, etc... that exceed the cost of these subsidies.
I've often wondered whether the deaths of Solar Panel installers, Visual/Noise polution of Wind Farms, and environmental havoc resulting from hydro electric facilities are factored into these equations when subsidies are being handed out.