Should the Government Invest in Green Energy?
Since his campaign, President Barack Obama has touted government investment in “green” energy technology as a way to create jobs, decrease U.S. dependence on foreign oil, and address environmental concerns about traditional sources like natural gas and oil. However, critics of the policy argue that investment in energy and other industries should be left to the private sector. The bankruptcy of solar energy company Solyndra after it was granted half a billion dollars in government-backed loans fueled their disapproval. Nevertheless, proponents of green energy, which includes solar, wind, and other renewable sources, argue that if the United States fails to build up such industries, its energy market will be overtaken by other countries that do, including China and Brazil. Here is the Debate Club’s take: