Alternative Energy and Rent-Seeking
By Arnold Kling
In this essay, I put together some recent ideas.
Subsidizing “good” energy in order to justify using “bad” energy is like eating salad in order to justify eating dessert. It is an exercise in self-deception.
…The most important, inconvenient truth about energy policy is that there is no justification for a subsidy for good energy. Subsidies for wind farms, solar energy, ethanol, and so forth, whether they come from government “energy policy” or personal carbon offsets, are pure pork.