In a free public seminar at 3:30 PM on November 5, in room 1115 of the Wisconsin Energy Institute, UW-Madison Assistant Professor of Agricultural and Applied Economics Sarah Johnston will discuss energy subsidy policy and renewable energy investment.
Abstract: Subsidies for clean energy investment are ubiquitous. I discuss the economic rationale for these subsidies as well as how to best design them. As an example, I discuss the design of the production tax credit, a large subsidy for investment in wind energy. I present my research on two features of this subsidy and their impact on its effectiveness. I close by discussing the current state of federal subsidies for wind and solar energy.