The U.S. wind energy industry has admitted it relies heavily on government aid. Industry representatives recently told Congress there may be a “renewable energy slowdown” if federal “stimulus” funds for wind power are not extended past their expiration date at the end of the year, The Associated Press reported.
But if demand for wind power is so low and its costs are so high that it can’t thrive without government subsidies, wouldn’t Congress be wise to heed that market signal rather than offer more subsidies?