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Tax Breaks & Subsidies and Virginia
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The problem of carbon emissions and global warming is finally and rightly emerging as a major public concern. However, it remains to be seen whether public policy will move beyond wishful thinking and symbolic gesture to meaningful responses.
Although the proposed Renewable Portfolio Standard (RPS) legislation may seem like a step in the right direction, closer examination reveals that what little it may achieve in terms of benefit will be obtained at a disproportionately high cost.
Simply stated, the proposed RPS legislation will not seriously reduce demand for electricity generation by traditional sources, and it will drive industrial-scale wind energy development in some of our most highly valued, scenic, and ecologically sensitive areas — including our mountain ridges and the Chesapeake Bay.
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