> With the agency expecting approximately $6 million annually in energy credits from the California Air Resources Board’s Low Carbon Fuel Standard Program the first year of electric service will have lower fuel costs than the previous diesel service Thats the key. Without the subsidy its more expensive and less efficient than carbon based fuel. In the long run we are worse off, because the subsidy can't last forever.
If markets actually worked for long-term decisionmaking and were therefore capable of pricing in negative externalities, then factoring in the cost of causing Earth to asymptotically approach Venus would change this calculus.