Global Investment in Renewable Energy Has Stalled

Watts Up With That?

By Steve Goreham

Earlier this month, the Trump Administration announced a decision to apply a 30 percent tariff on imported solar cells and panels. The Solar Industries Association denounced the measure, projecting job losses and cancellation of solar investments. But the solar tariff discussion hides a larger renewable energy issue. Global investment in renewables has stalled in the US, in Europe, and in many markets across the world.

Since the 1990s, sustainable advocates have called for investment in wind, solar, and biofuel energy as the solution to global warming, pollution, and feared resource depletion. National, state, and provincial governments responded, promoting green energy with feed-in tariffs, renewable portfolio standards laws, renewable grid priority, and other subsidies and mandates. Carbon trading markets and carbon taxes were enacted to impose costs on hydrocarbon fuels to favor renewable energy.

These efforts resulted in a rapid rise in renewable deployments across the world. From…

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