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.
Arguing against subsidies for traditional energy sources and for more subsidies for renewable energy sources is just another example of arguing "That cronyism is bad because it can't go to this cronyism." How about no cronyism at all?