Why it’s too soon to sunset renewable energy subsidies

Published onJanuary 16, 2020

Renewable energy is starting to lose its subsidies because it has proved that it can be as cheap as and even cheaper than fossil fuels. For example, China and the United Kingdom, two of the most ardent supporters of green energy, have recently pulled back on subsidies, and the Trump administration in the United States would also like to. But while wind and solar power rates can cost less than traditional fuels, the subsidies are masking another problem — one that is becoming apparent as the subsidies are eliminated…No subsidies may mean that many renewable producers will become no longer financially viable, and the current effort to switch global power generation to renewable sources may be undermined.

Source: https://www.forbes.com/sites/oliverwyman/2020/01/14/why-its-too-soon-to-let-renewable-energy-subsidies-expire/#2bca3df41e02