A new study out by MIT reinforces what any reasonable observer already knows: the “green” energy industry is a completely government-manufactured crony scheme that exists almost exclusively because of government privilege.
Researchers at the Massachusetts Institute of Technology have confirmed what many in the energy world already knew: Without government support or high taxes, green energy will never be able to compete with conventional, more reliable power plants.
The study, announced by MIT’s News Office Wednesday, determined that conventional energy would be consistently less expensive than green energy over the next 10 years. The study concludes that the government could make green energy competitive by offering enormous amounts of taxpayer support.
That is why the solar industry hired so many lobbyists here in NC last year to try to preserve the state’s generous tax credit for “renewable” energy construction, as well as the state’s mandate requiring a certain percentage of energy provided by utilities be from “renewable” sources. They know full well that sources like solar and wind are wildly more expensive that traditional energy sources and will be for a long time.
And pay no mind to the
green greed energy cronies when they try to tell you that “renewable” energy sources are ‘just a few years away’ from being cost competitive with traditional energy. We’ve been sold that lie for decades.