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The False Panacea of Renewable Energy

IB-2004-B (February 2004)
Author: The Center for the American Dream

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Renewable energy — wind, solar, hydro, and biomass — is advertised as superior to coal, gas, and other non-renewables. But renewable energy comes at a high environmental and economic cost. Moreover, government subsidies to renewables may actually stifle innovation. Market forces will do a better job of promoting energy innovation.