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Tax Breaks & Subsidies and Energy Policy
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"...a carbon tax will significantly increase the size and scope of Government through burdensome taxation, regulation and the potential for rent seeking by vested interests," the coalition wrote.
A carbon tax would do nothing to help the environment and its impact on carbon-dioxide emissions would be negligible, it said.
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Australia / New Zealand]
Plans to pay communities to build wind farms under threat
February 11, 2011 by Louise Gray in The Telegraph
February 11, 2011 by Louise Gray in The Telegraph
Plans to pay communities to erect wind turbines are already in doubt because of increasing chaos caused by the Government's review of green subsidies.
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UK]
Idaho's wind industry boomed after the Legislature created a tax incentive in 2005. That incentive is set to expire this year, and opponents of wind farms see the coming debate over renewal as their chance to demand more accountability and more say.
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Idaho]
In the spirit of the holiday season, President Obama's tax-cut deal with Republicans is becoming a Christmas tree tinseled with gifts for lobbyists and lawmakers. But that hardly stopped the squabbling on Friday, with Bill Clinton even back at the White House pleading the president's case.
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USA]
Start-up funding for clean energy companies around the world has slumped in the last quarter, falling nearly a fifth since the previous three months, according to a new report.
Stimulus cash flowed to completed, under-way renewable energy projects
October 15, 2010 by Anne C. Mulkern in New York Times
October 15, 2010 by Anne C. Mulkern in New York Times
"It's essentially funding economic activity that already would have occurred," said Steve Ellis, vice president of Taxpayers for Common Sense. "So it's just a pure subsidy."
Money spent on those projects might have helped the economy more had it been used for other efforts targeting the most troubled states or workers, Ellis added. The stimulus bill "threw cash" at programs, he said, without a comprehensive plan.
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USA]
The upfront payments to Lost Creek, a $300-million-plus project, and various other projects aren't awarded competitively but on the basis of meeting various criteria. For instance, companies were required to submit accredited designs and start building by the end of this year. Energy Department officials described the process as automatic.
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Missouri]
Energy secretary Chris Huhne has admitted he is concerned about the financing of major wind farms, as the UK aims to get a third of its energy from renewables.
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UK]
Because of the state's efforts to enhance renewable energy in Ohio, at least seven projects are presently in the works around the "Buckeye State." Three of the proposals seek to develop wind farms across the Van Wert/Paulding county line.
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Ohio]
With last week's announcement of a proposed pact to sell half the power from the 130 turbines Cape Wind plans to build in Nantucket Sound, the developer is poised to pursue loans and investors to pay for the wind farm's estimated multibillion dollar price tag.
Under the agreement filed May 10 with the state Department of Public Utilities, Cape Wind will sell 760 million kilowatt-hours a year to National Grid for $157 million in 2013.
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Massachusetts]
Roaring 40s is assessing a shock announcement from Canberra that the Federal Government will change its renewable energy scheme.
Spokesman Steve Jackman said the business was reviewing the announcement before it could comment on the future of its $400 million Musselroe project.
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Australia / New Zealand]
"The more installations you get, the more the subsidies cost, and someone is paying for it," Lekander said. "If you take Denmark, it started to become very expensive for the state budget to pay these feed-in tariffs. You can't hide the fact that it costs money, whether it's the utility, finance ministry or the customer paying it. It will be interesting to see if wind power subsidies will really manage to be unchanged in Spain despite the problems there with the budget deficit."
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Europe]
Australia's wind farm developments have ground to a halt, following a 40 per cent slump in the price of the renewable energy certificates that underwrite the industry.
The flow-on effect to regional contractors and manufacturers reliant on wind farms has been devastating.
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Australia / New Zealand]
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Wyoming]
Windy Wyoming debates excise tax for wind energy
February 13, 2010 by Matt Joyce in Casper Star-Tribune
February 13, 2010 by Matt Joyce in Casper Star-Tribune
A proposal in Wyoming to impose the nation's first state excise tax on wind energy production is generating debate over how the state should handle the arrival of massive wind farms to its wind-swept plains and plateaus.
Gov. Dave Freudenthal made the wind energy tax a centerpiece of his legislative agenda, drawing surprise and alarm from some in the state's fledgling wind industry.
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Wyoming]
Some last-minute wheeling and dealing paved the way for the 8-7 vote by the Jefferson County Board of Legislators passing the Galloo Island Wind Farm payment-in-lieu-of-taxes agreement.
Galloo Island Wind Farm developer Upstate NY Power Corp agreed to put $3 million in a community grant fund and $500,000 in a scholarship fund, made job guarantees.
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New York]
Jefferson County legislators approve Galloo Island wind farm
February 2, 2010 in Watertown Daily News
February 2, 2010 in Watertown Daily News
The Jefferson County Legislature, after hearing from dozens of speakers both pro and con, approved the payment-in-lieu-of taxes agreement for the Galloo Island Wind Farm on an 8-5 vote. ...the acceptance of the 20-year agreement means that Upstate New York Power Corp. can now move forward with procuring the necessary permits for the project.
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New York]
Adams, Faber and local officials contest Strickland's plans to "erase" turbine taxes
February 1, 2010 by Breanne Parcels in Urbana Daily Citizen
February 1, 2010 by Breanne Parcels in Urbana Daily Citizen
While Ohio Governor Ted Strickland touted elimination of tangible personal property taxes for wind and solar companies Tuesday, that prospect didn't sit well with representatives of the entities that stand to lose up to $1.4 million in first-year tax revenue if the Buckeye Wind project gains approval to construct 70 turbines in Champaign County from the Ohio Power Siting Board this year.
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Ohio]
A bill currently being discussed in the Utilities and Energy Committee would set a fee that wind power project developers must pay into the communities or counties that host their projects.
Already, developers pay property taxes on their wind projects and often negotiate other community benefit payments. This bill would require developers to pay a constituent amount in every community.
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Maine]
Clean energy sources: Sun, wind and subsidies
January 8, 2010 by Jeffrey Ball in Wall Street Journal
January 8, 2010 by Jeffrey Ball in Wall Street Journal
Wind farms "have a better return on investment than coal plants," says Anders Eldrup, chief executive of Dong Energy, a company based in Denmark that is shutting down coal-fired power plants and building wind farms ...But that is true only in places with hefty subsidies, he says. "Without that, they wouldn't work."
Critics say subsidies of any kind waste taxpayer dollars. But even fans of renewable energy worry this public largesse is costing too much.