It’s time to ponder a rational comparison of historical U.S. energy incentives. In a thoughtful analysis called “What Would Jefferson Do?” authors Nancy Pfund and Ben Healey of DBL Investors offer some revealing insight to inform the debate.
There is no free market in energy … and calls to action for renewables “to stand up to competition without any government support” would be better informed by a look at historical efforts to promote energy transitions in the U.S.
Coal, oil, gas and nuclear energy did not emerge as fully matured, low cost energy sources. Instead, they were the beneficiaries of decades of permanent and significant federal government incentives and supportive regulation. As part of a larger push to create jobs, support expansion, and fuel economic growth, the U.S. government has used a variety of financial and regulatory incentives to support energy innovation for over 200 years. Read more
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