Can the federal government provide stable policies to promote renewable energy? That's an open question. The editorial board of the Washington Post recently explored the
issue of wind power development.
Policy stability is critical for the development of new energy resources. In the 1920's the Federal government stepped forward with a highly preferential
oil depletion allowance. Later, as global petroleum supplies started coming on to the market, the government stepped in again with an oil import quota in 1959.
In nuclear power, the Federal government in the 1950's stepped in with the
Price Anderson Act. That legislation limited the liability for operators of domestic nuclear plants.
Exploring how to provide stability is part of a report, "Beyond Boom and Bust: Putting Clean Tech on a Path to Subsidy Independence".