Paraphrasing Obama on energy tonight: We need to make clean, renewable energy a profitable type of energy. Investing in renewable energy is one of three items we must spend on – it will create jobs, reduce our dependence on foreign oil, and ultimately help to curve global warming. Give me a cap-and-trade bill and I will sign it.
Investing in renewable technology and green jobs diverts resources that could have otherwise gone to more efficient means of use. In reality, if investments in renewable, clean energy technology were such a good idea, someone from the private sector would jump on such an opportunity and take it to the bank. Despite years of special treatment, the investment in wind, solar and other renewable technology has been relatively small. Continue reading…
