Subsidy cuts show that renewable energy is coming of age
22 March 2012
Government incentives have helped renewable energy become the fastest-growing sector of the energy mix. Now, many countries – especially in Europe – are slashing subsidies for renewables. Observers who attribute these cuts solely to government belt-tightening in an age of austerity are missing the bigger picture: Renewable energy is swiftly coming of age, reducing the need for public support.
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Photo: Copyright OECD/IEA. BrightSource’s demonstration solar tower near Dimona in Israel.