Renewable energy production was dependent on subsidies because it was not cost competitive.

Question

Quizplus · Accepted Answer

Renewable energy sources such as solar and wind power were historically more expensive to produce than traditional fossil fuels, and therefore required government subsidies to make them more financially viable. However, as technology has improved and economies of scale have been achieved, the cost of renewable energy has decreased and it is becoming more cost competitive with fossil fuels.

Renewable Energy Production Was Dependent on Subsidies Because It Was