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The Conversation
The Conversation
Politics
Eric Hittinger, Associate Professor of Public Policy, Rochester Institute of Technology

How to design clean energy subsidies that work – without wasting money on free riders

How long should a solar subsidies, or any subsidy, last? Artur Debat/Moment via Getty Images

The planet is heating up as greenhouse gas emissions rise, contributing to extreme heat waves and once-unimaginable flooding. Yet despite the risks, countries’ policies are not on track to keep global warming in check.

The problem isn’t a lack of technology. The International Energy Agency recently released a detailed analysis of the clean energy technology needed to lower greenhouse gas emissions to net zero globally by 2050. What’s needed, the IEA says, is significant government support to boost solar and wind power, electric vehicles, heat pumps and a variety of other technologies for a rapid energy transition.

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