The solar industry is jubilant over President Obama’s Clean Power Plan, released in its final form on Monday, August 3. The same day, however, some other news reminded the public of what happens when government policy mandates and incentivizes a favored energy source: Taxpayer dollars are gobbled up and investors lose out. “The fundamental objective of the Clean Power Plan,” according to Solar Industry Magazine, “is the phasing out of coal-fired power plants in favor of low- or zero-emission sources…” It does this through three “building blocks,” one of which is: “increase electricity generation from non-emitting renewable sources, such as solar [...]
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