To what extend can the decreases in cost be attributed to the subsidies? The subsidies shift the demand curve enough to incentivize R+D... or is my Econ 101 viewpoint missing something?
Supporters of the subsidies will claim 100% of the credit. Opponents will claim it would have happened regardless. Both sides will put forth impressive looking studies proving their case.
My belief is that it wouldn't have happened nearly this fast without both subsidies, and a widespread awareness under investors that there are going to be government incentives for a huge renewable market. But figuring out the amount is impossible.
My belief is that it wouldn't have happened nearly this fast without both subsidies, and a widespread awareness under investors that there are going to be government incentives for a huge renewable market. But figuring out the amount is impossible.