The world has no choice but to switch to cleaner energy. Fortunately, it’s easy to switch. The issue is switching efficiently. Here is my proposal.
Create the same subsidies that oil companies have. They work well for oil companies, thus should handle solar and wind as well.
What we need is a federal tax incentive program. We create a financial instrument that allows you to invest in clean energy and get a 10X income write-off, the same deal oil gets. For example, if I put a $20,000 solar plant on my roof, I get to write off $200,000 of income,
If we did that, banks would line up to finance projects. It’s also a one time subsidy, no permanent effect other than cleaning the air.