Feed-in tariffs (FIT’s) are a policy mechanism that drives renewable energy development; they have allowed countries such as Canada and Europe sto ignificantly increase their renewable energy portfolios. However, despite the overwhelming evidence to the success of FIT policies, very few have been implemented in the United States.
“At the recent UN Climate Change negotiations in Durban, South Africa, Todd Stern, the head of the climate change negotiating team for the US Government, called for Feed-in Tariff policies as key to solve the problem [of run-away climate change.] One of his major points was that the US and countries worldwide need to utilize the Feed-in Tariff approach in order to transform the energy production sector of society.”
“Since feed-in tariffs are responsible for nearly two-thirds of the world’s wind power and 90 percent of the world’s solar, it’s a policy that would make sense for the American energy market,” according to John Farrell at Energy Self Reliant States.