Energy Subsidies Prove Unsustainable

Kelsey Huber / August 05, 2010

There is nothing like economic hardship to make a country step back and take a fresh look at its priorities. When faced with a need for drastic budget cuts and job creation, countries such as Spain, the United Kingdom, Germany, France, and the Czech Republic have all made the decision to reduce subsidies for green energy programs such as wind and solar energy.

These nations could not have made a better choice for either the economy or the environment unless they removed subsidies all together. After all, greening the world requires innovation, and innovation prospers best in a free economy where the market price system provides the most accurate information and incentives. (more…)