North American Clean Energy Opines: “The [Clean Energy] sector’s growth could be even greater if the more than USD 550 billion in annual subsidies for fossil fuel and nuclear energy were removed. Subsidies perpetuate artificially low energy prices from those sources, encouraging waste and impeding competition from renewables.
Says Christine Lins, Executive Secretary, REN21: ‘Creating a level playing field would strengthen the development and use of energy efficiency and renewable energy technologies. Removing fossil-fuel and nuclear subsidies globally would make it evident that renewables are the cheapest energy option.'”
To see renewable energy financing incentives in each state and nationally, click HERE.