Why Renewable Energy Is Slow in Replacing Fossil Fuels
Many of us are scratching our heads, wondering how it’s possible that renewable energy, for all its merits, could be so slow to replace fossil fuels. As outlined in this article on Chesapeake Energy (our second largest natural gas producer), the answer lies in subsidies and other forms of preferential treatment. If you’re in a hurry, skip to the last paragraph, where you’ll learn how it’s possible that Chesapeake pays less than 1% income tax.
I just searched the 2GreenEnergy site for “level playing field for renewable energy” and realized that, over the years, I’ve written 34 posts that touch the subject. If the good folks in Washington would simply remove the subsidies for fossil fuels and establish such a level playing field, we’ll have fantastic job growth, and all the other social benefits that accrue to clean energy, including the granddaddy of them all: a healthy planet.