17.05.13
Subsidise to grow?
Is subsidising renewable energy limiting its innovation? Civitas has suggested it is, costing greater efficiencies and the taxpayers’ money.
Meeting the EU’s 2009 Renewables Directive will not be cheap, but focusing solely on set-up costs for the infrastructure needed for greener energy is extremely short-sighted.
Necessity can feed innovation, but some funding is essential to support this. Without the financial security of subsidies, investment in new technologies will be impossible. Businesses need subsidies to kick start sustainable energy supplies.
Moving towards a greater proportion of renewable energy is not going to be easy, or quick, or cheap. That doesn’t make it any less urgent or important.
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