Has Renewable Energy Performed as Expected?
by James McVeigh, Dallas Burtraw, Joel Darmstadter, and Karen Palmer1
Renewable energy has met or exceeded past price projections, but cheap conventional energy generation has blocked renewables from gaining greater market share. The renewables industry has been most successful with factors within its control — and any argument that support for renewables should be ended because “past efforts have been unsuccessful” is based on a faulty premise.