To date, the success of renewable energy production in the U.S. has been intrinsically tied to the availability of subsidies that help to make the younger and cleaner forms of power more financially competitive. As we near the end of 2011 the industry players are becoming antsy as the future of subsidized aid for renewables comes into question once again. An increasing public focus of trimming an ever-growing federal deficit, a stagnant job market and the financial woes of European economies on the other side of the Atlantic make for a challenging backdrop for the next phase of clean power. Will renewable energy fall into another trough of its historical boom-and-bust cycle or has its recent, successful years helped to cement itself into necessity in the greater American economy?
Archives For subsidies
Our country’s effort to support renewable energy is still in its early stages of development and ripe for adjustment. The maturing of the renewable industry can positively affect job growth, technological innovation and increased efficiency, but there are a number of ways we can be doing those things, even within the umbrella of sustainability (smart grids, alternative transit infrastructure, electric cars, building systems,etc.) The real goal of governmental support for renewables should be getting more clean megawatts attached to the grid. If that is the goal, then we should be retooling our system of incentives to make that goal a reality rather than dilute its effectiveness due to a lack of focus.