Sometimes countries can formulate energy policies that accomplish two goals at once.
They can keep taxes on refined petroleum products low in order to not destroy the present economy, while simultaneously fostering a budding renewable energy industry. USA is the second largest producer of renewable energy in the world behind only China. California + Texas by themselves rank 6th in the world.
They can keep taxes on refined petroleum products low in order to not destroy the present economy, while simultaneously fostering a budding renewable energy industry. USA is the second largest producer of renewable energy in the world behind only China. California + Texas by themselves rank 6th in the world.