The ‘Renewable’ Fallacy and Why I Blame Jimmy Carter

Ask almost anyone what we should do to make our economy greener and they’ll tell you we need more “renewable energy.” Renewable energy—that’s the goal behind myriad state and federal policies; it is the justification for massive subsidies to certain types of energy production and the rationale for penalizing others. It’s the reason some states (and even some countries) have spent billions on new energy infrastructure, burdened their consumers with sky-high energy costs, and yet made only modest progress bringing down carbon dioxide emissions.