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Thread: The idiocy of low efficiency alternative energy subsidies in a nutshell

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  1. #6
    Join Date
    Jun 2010
    Wilton, CT

    Default PCO and Solar

    The PV subsidy can be justified in two ways: Greenhouse emission reduction, or peak oil.

    I am not a big believer in global warming. I am a big believer in peak oil. So the idea is that in 5-10 years petrol prices could double, making the diesel generator a lot more expensive, but not the PV.

    So, by spending a but on PV now, we get bugs out and the pay off is in the long run.

    I don't necessarily feel this is a great strategy, for these reasons:

    a) the solution to higher oil prices may be more nuclear power, not more solar power

    b) subsidizing current solar power may not be as cost effective as investing in technological improvements.

    c) market forces would eventually work to deal with the problem. It might make more sense to just slap on an oil tarrif, give the market forces a head start.
    Last edited by Polish_Silver; 07-05-13 at 09:49 PM. Reason: typo

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