The government should be involved in investing in research for the development of renewable energy resources because it is the only viable way to ensure that this sector is getting enough investment since we will need renewable energy to take over for nonrenewable energy at some point in the future. Let alone the fact that climate change means that we should move to clean energy in all areas possible. The government investing in clean renewable energy is important because private sector investment on its own is not enough to fulfill the needs of this growing sector.
Some believe the free market will fix the issue itself and if the private sector is not investing in clean energy it is because clean renewables are not competitive with fossil fuels. However, the free market has trouble with dealing with green house gas pollution. Investing in clean energy does not benefit them because there are better options for energy right not. I believe that it is absolutely necessary for the government to be involved in the investment for clean renewable energy because it is important for these energy sources to be available in order to curb climate change. The quicker clean renewables are developed the quicker the United States gains energy independence as well as a guarantee of a clean energy future much faster than the market would.
Solar technology has made major advancements in the last six years and no doubt the investment from the government played a major role. Solar has grown exponentially because of decreasing prices and advancements in technology. Solar panel prices have dropped 75% since 2008 and that has helped the spread of solar technology to many people who weren't able to afford it before. As the prices of renewables continue to drop and advances are made in other renewable technology to make them more competitive with fossil fuels, investment from the private sector will make government invest unnecessary. However, it was necessary for government investment to get renewable energy to the competitive position it is in now.
http://www.worldwatch.org/node/5855
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