Perspective
Mar. 17, 2011
What’s Ahead for Subsidies and Support for Renewable Energy in the US?
The energy renewal industry faces an uncertain future due to competition and a still lagging economy. By Edward W. Zaelke of Chadbourne & Parke.
For over 30 years, the U.S. government has provided some form of incentive or support for renewable energy development. For a variety of reasons, however, Congress has been unable to develop a long-term program of any kind for renewable energy. It has opted instead for incentives lasting only a year or two, which has failed to adequately encourage long-term investment in renewables and has allowed foreign companies to make many of the advancem...
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