Opponents of renewable energy (it’s hard to believe they exist) claim that renewables cannot compete economically with oil, gas, and nuclear power. I have discussed the fallacy in this argument from an economic theory point of view here, but it is also important to point out that the subsidies for renewables are a tiny fraction of those for coal, oil, and gas. Many reports on this topic focus on the comparison of overall subsidies to fossils and nuclear vs. oil & gas, but in the context of all the criticism that the Department of Energy (DOE) has gotten after one … Continue reading this post
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