Energy subsidies—of any kind—are bad business
Oct 25, 2010, Vol. 16, No. 06 • By AMORY B. LOVINS
Here’s a principled alternative: Reverse the energy subsidy arms-race. Don’t add subsidies; subtract them. Take markets seriously. Not just for nuclear and fossil fuels but for all so-called “clean” technologies, head toward zero energy subsidies, free enterprise, risk-based credit pricing, competition on merit, cheaper energy services, greater energy security, and dwindling deficits.
Who wouldn’t like that? Why don’t we find out?
Amory B. Lovins is chairman and chief scientist of the independent, apolitical, nonprofit Rocky Mountain Institute (www.rmi.org). He uses Doug Koplow’s subsidy analyses at www.earthtrack.net.
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