USA TO ABOLISH SUBSIDIES FOR WIND AND SOLAR ENERGY

This article gives the details. After years of supersonic growth — wind and solar accounted for more than 60 percent of new generation on the U.S. power grid this year — the end of the tax credits could well mark the beginning of a sobering period for wind and solar developers. Of the approximately $18 billion the federal government spends on energy subsidies each year, more than 60 percent goes to renewable energy.