With the push for green energy, governments around the world have pushed for (and passed) subsidies for so-called “renewable” energy like wind and solar. The US passed large subsidies of this kind under the Biden Administration’s Inflation Reduction Act, passed in 2022. But these policies do not have the effect of creating long-term stability in the American energy grid. Here to explain why is Mario Loyola, Senior Fellow in Law, Economics, and Technology, here at the Heritage Foundation.
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Follow Mario Loyola on X: https://x.com/mario_a_loyola?lang=en
More by Mario at Heritage.org: https://www.heritage.org/staff/mario-loyola
Mario Loyola in The Hill: https://thehill.com/opinion/5233595-inflation-reduction-act-energy-crisis/
Have thoughts? Let us know at heritageexplains@heritage.org
