Wednesday, July 23, 2008

Solar Subsidies: Is Less More?

From the Wall Street Journal's Environmental Capital blog:

Is there a silver lining to America’s here today, gone tomorrow support for clean energy?

Conventional wisdom says one big reason America has lagged places like Europe in solar and wind power is because it’s been stingy with subsidies. The U.S. hasn’t been as generous, and subsidies only last for a year or two at a time....

...But guess what? While Europe’s flirtation with smaller solar-power subsidies is spooking the sector, the impending demise of subsidies for solar power in the U.S. is driving a last-minute stampede....MORE