January 7, 2013
Bad Tax Policy Makes Bad Energy Policy
Charles Ebinger, Brookings Institute
Despite the fact that all renewable energy, minus hydropower, is projected to account for less than 10% of U.S. energy supply by 2040, Congress and the administration once again have shown themselves to be pusillanimous and are refusing to stand up to an industry which, in the absence of an extension of tax credits, cannot compete in the marketplace despite years of subsidies, paid courtesy of the American taxpayer. . .
TAGGED: Energy Subsidies, Fiscal Cliff, U.S. Energy Policy, U.S. Tax Policy, Brookings Institute