Library filed under Taxes & Subsidies

Increase energy research by ending the wind subsidy

In 2014, Congress voted to spend another $6 billion to extend the wasteful wind subsidy for one year. That amount is more than the U.S. spends in an entire year on the Office of Science at the Department of Energy. Let’s not make that mistake again. Basic energy research is one of the most important things the country can do to help unleash our free enterprise system to provide the clean, cheap, reliable energy we need to power our 21st-century economy.
14 Aug 2016

The Renewable Energy House of Cards

The IEA implicitly confirms that by removing government support, many renewable energy companies would collapse like a house of cards because they aren’t competitive without it. Further, the report concludes that without government subsidies for renewable companies, investors would not be comfortable investing private capital.
5 Aug 2016

Alexander urges EPA to ditch proposal to offer new incentives to big wind

Senator Lamar Alexander on Monday urged the administration to reconsider a proposal to provide new incentives to wind power producers who are already benefiting from the 24-year-old wind production tax credit. Senator Alexander also pointed out that the proposal fails to provide any incentive for nuclear energy – this country’s largest source of clean electricity.
2 Aug 2016

Evaluating the costs and benefits of renewable energy portfolio standards

Nc-costsbenefitsrenewableenergryportfolio_study_thumb Introduction: Thirty states including the District of Columbia have adopted Renewable Portfolio Standards (RPS) specifying shares of electricity consumption provided by renewable energy. RPS proponents argue that these policies are needed to reduce greenhouse gas emissions. They also argue that the construction of renewable energy facilities increase employment opportunities. Opponents assert that Renewable Portfolio Standards increase electricity generation costs and rates paid by customers, which reduces regional economic activity. The objective of this study is to provide a balanced look at the issue, weighing the costs and benefits of Renewable Energy Portfolio Standards. A portion of the study's executive summary is provided below. The full report can be accessed by clicking the link(s) on this page.
25 Jun 2016

Rep. James Frank to file wind farm-related proposal

Two possible wind farm developments in Clay County could threaten flight training missions and radar operations at nearby Sheppard Air Force Base, according to base officials and wind energy opponents. The worst case scenario, officials have said, is that Sheppard's missions are moved elsewhere and Wichita Falls loses an estimated $750 million in annual economic impact.
23 Jun 2016

Wind should stand on its own power

"If you don't seen any improvement in technology costs and you see the incentives pull away ... there will be fewer places where the electricity price will get you there," he said. "You'd have to look at the exogenous impacts on the environment, and then it's a question of whether or not you include those."
19 Jun 2016

Developer drops plan to build wind farm in Logan County

In the decision, commissioners said Everpower didn’t meet all the requirements of the application and failed to show why the project would have a positive impact on the local economy. ...Commissioner’s also cited a public meeting where about 40 residents spoke out against the project and only the developer spoke in favor.
19 Jun 2016

SWEDEN: Wind power investment comes with high political risk

Can an investor in Swedish wind power -- for example, a European pension fund -- considering the Swedish parliamentary elections in 2018, feel safe for continued reimbursement policy? Jan Hedman and Henrik Wachtmeister of the Confederation of Swedish Landscape Protection, comment about the recent energy deal supported by all political parties except the Sweden Democrats, SD. 
18 Jun 2016
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