Green Energy, the Cost-Efficient Option
Source: Salon.com, David Sirota (9/21/11)
"Green energy is suddenly drawing sustenance in a swath of the economy that today seems like a barren desert: the devastated housing market."
Among the standard epithets often leveled at green energy is the one about subsidies. As the conservative myth goes, green energy is allegedly not "cost competitive" with energy sources like coal or natural gas. This, we are led to believe, makes green energy just another wasteful taxpayer-supported boondoggle for dominant special interests.
Here's the truth: In the real world that exists outside the media and political theater, fossil fuels rely on massive public expenditures to rig "free" markets against green industries, which don't get nearly the same level of taxpayer support. Considering this gross market-skewing inequity, the shocking energy story of 2011 is that a green industry exists at all. And not only does it exist, it is now suddenly drawing sustenance in a swath of the economy that today seems like a barren desert: the devastated housing market. . .View Full Article