The Cato Institute is airing a podcast called "How Not to Subsidize Renewable Energy" that explains how "The renewable portfolio standard subsidizes renewable energy in states via higher energy costs for low-income people."
Last year North Carolina policymakers made major changes to state energy policy — but not to the state's exorbitant avoided-cost rates. Such a reform is all the more necessary, however, because of last year's restructuring of energy policy.
Cronyism is directly opposed to market competition. After all, you don't have government forcing people to do what they'd do anyway. That's why there's no law saying you have to put on your pants before your shoes.
Conventional thinking about technological innovation in energy production seems to focus only on renewable technology, as if traditional sources of energy are incapable of technological change. But that simply isn't true.
EPA's move to repeal the CPP would avert staggering costs on the economy, on business and industry, and on poor ratepayers. Meanwhile, all century long energy-based emissions have been falling in the U.S. and North Carolina.
Since at least the 1970s, renewable energy advocates have said their industry is just a few short years away from competing with traditional energy sources, so they need government support for only a few short years more. Now a Forbes headline asks, "Renewable Energy Tax Credits — Forever?"
This great news. It also removes any justification to kill off entire industries, throw thousands of people out of work, and hide the enormous costs to people to make a symbolic stand against energy emissions.