Pros of Subsidizing Renewable Energy

The Pros:

1. Create green jobs

2. Prevent fossil fuel monopolization

3. Increase private investments on renewable energy

4. Cheaper renewable energy

5. Allow consumers more access to renewable products

6. Benefit for the future: less dependent on oil

7. Sustaining a future with less pollution

"There are several main advantages to subsidizing renewable energy. Not only will subsidizing renewable energy make renewable energy cheaper, but it also create jobs because the money given to renewable companies will have sufficient capital to employ more workers. "Renewable energy can create 4.5 million jobs according to an analysis by the American solar energy society" (Renewable Energy and Energy Efficiency Can Create 4.5 Million Jobs Renewable Energy). Subsidizing renewable energy will also prevent fossil fuel monopolization because it increases the competition between renewable energy and fossil fuel companies. In addition, subsidizing renewable energy will increase private companies’ confidence on investing in renewable energy because before, renewable energy is expensive to invest in and was not very profitable compared to fossil fuels. Subsidizing renewable energy will also allow consumers to have more access to green energy too.