Subsidy cuts show that renewable energy is coming of age

Article by Maria van der Hoeven, IEA Executive Director, in the European Energy Review.

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.

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