Renewable double-down

A reason to be wary of regulation is the activity's compulsion to perpetuate itself. Once in place, regulation remains in place. When confronted with doubt about its necessity, regulation responds with more regulation. Europe has reached advanced stages of this cycle with renewable energy. The European Union decided years ago that its members would lead the world in development and use of solar, wind, and other exotic energy forms. Now, laden with the inevitable cost of this adventure, in some cases borne by consumers tired of expensive electricity, many European governments are trimming or eliminating the required subsidies. The obvious weakening of support raises questions about the reg...

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