By Arnold Kling
In this essay, I argue that energy conservation is not a useful tool of foreign policy.
In my view, the worst policy option of all is to subsidize the use of alternative forms of energy. If other forms of energy are not economical on their own, then taxpayer subsidies are only harmful. The use of subsidized alternative energy does more damage to our own economy than to Saudi Arabia’s.
For Discussion. Is it wrong to doubt the value of subsidizing alternative forms of energy?