The colour of money: Green subsidies are getting trimmed but might outlast those for fossil fuels in the end

Abstract

AS NATIONAL leaders meet to thrash out what they are prepared to do to promote the growth of renewable energy ahead of fossil fuels, the reality is they have largely decided market forces will be used for delivery. Governments have been reining in the subsidies that have been used to encourage investment in renewables such as wind and solar as their operational costs begin to approach those of existing fossil fuels.