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Should the U.S. Administration Pick a Winner in Alternative Energy?

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In recent years, China has emerged as the dominant player in green energy -- especially solar power. But despite rapid growth in recent years, solar power is more entrenched in European countries like Spain and Germany. They have promoted its development with strong incentives called feed-in tariffs that require electric utilities to buy solar power at a high, fixed price. The United States accounted for $1.6 billion of the world’s $29 billion market for solar panels. It accounted for...

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