Category:
Tax Breaks & Subsidies
Testimony of The Business Council of New York State before The Assembly Committee on Energy The Assembly Subcommittee on Renewable Energy
March 21, 2006 in The Business Council of New York State
March 21, 2006 in The Business Council of New York State
Let me be clear from the start - we are not opposed to renewables. Our companies have been the beneficiaries of the state's most abundant form of renewable energy - hydropower. What we do object to is being forced to subsidize those renewables that are not cost competitive...............Adding significant amounts of wind power does not negate the need to add more baseload generation, to ensure system reliability during periods of peak demand.
Until we add significant baseload capacity in this state we are not likely to reap the benefits of a truly competitive marketplace where supply will respond to demand.
DENVER - The House passed and sent to the Senate a bill that attempts to lure more wind farms to northeastern Colorado. The vote was 54-9 earlier this week.
Also filed under [
Energy Policy|
Colorado]
That’s about 20 percent of your electric bill coming back to Invenergy in the form of tax credit from your federal tax dollars.
"Quixotic" is an appropriate term for Victoria's energy policy. Ostensibly targeted at greenhouse gas emissions, it is also, confusingly, designed to promote an inefficient windmill industry. The outcome can be nothing but trivial in terms of emission reductions but serious in terms of cost to Victoria.
Also filed under [
Energy Policy|
Australia / New Zealand]
Are renewable energy credits (RECs) and carbon offsets exchanged in totally different markets, with little crossover potential for project developers and investors?
Also filed under [
USA]
Also filed under [
Texas]
It all sounds nice and crunchy on the surface, but Whole Foods might soon find itself picketed the same way Wal-Mart is, but instead of unions it'll be environmentalists.
Environmentalists have been promising for more than three decades that wind energy would be competitive if there was a "level playing field," but it survives only because the field has been tilted in its favor.
One thing it doesn’t mean is that Whole Foods will now get its power from wind. Though press accounts have praised Whole Foods for “going green” with this move, it actually changes next to nothing.
Also filed under [
USA]
The legislature needs to be involved in the RPS process. It is a crime to raise hundreds of millions of dollars and then fritter it away on projects that in the end will not reduce emissions.
That windmills retain a mystical popularity among its Northwest supporters, is truly a triumph of hope over substance, not to mention unawareness of hidden costs and poor performance data. There is a huge amount of information now available regarding wind energy from around the United States and Europe. It’s not good news.
"These projects are very expensive and wouldn't happen without tax subsidies," he [Glenn Schleede] said. "Ordinary taxpayers are getting taken to the cleaners on this."
Absent special political privileges - federal research and development subsidies, tax breaks, and state RPS programs - today's renewable-energy industry, or most of it, would not even exist. Three decades, $14 billion in direct federal support, and untold billions in state taxpayer and ratepayer subsidies have failed to make "green" energy economically self-sustaining. Enough is enough. Congress should terminate, not expand, its patronage of this boondoggle.
Also filed under [
Energy Policy|
USA]
It's time to jump off the Production Tax Credit treadmill and work toward a more open, transparent support mechanism such as the Electricity Feed Law.
Also filed under [
Energy Policy|
USA]
Out of Control Part 2: How the EU is costing you the Earth
Produced July, 2008
(Posted September 28, 2008)
by Independence and Democracy Group
Out of Control Part 1: How the EU is costing you the Earth
Produced July, 2008
(Posted September 28, 2008)
by Independence and Democracy Group
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