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Taxes versus Subsidies

Posted on August 05, 2008

The RAND Corporation, a nonprofit research organization, has just issued a report comparing the effectiveness of fossil-fuel taxes versus renewable energy subsidies for increasing the usage of renewable energy:Impacts on U.S. Energy Expenditures and Greenhouse-Gas Emissions of Increasing Renewable-Energy UseFrom their concluding remarks:Our analysis also indicated that increasing to 25 percent the share of renewables can significantly reduce CO2 emissions. However, the incremental increase in energy cost per unit of CO2 reduction varies widely depending on circumstances, reaching very high lev...

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