Market conditions back in 1992 no longer exist. Big wind no longer needs the Production Tax Credit, and certainly cannot justify the extraordinary benefits received [3.5¢/kWh pre-tax]. Retaining the subsidy in light of lower installation costs and increased production serves only to further distort the market and bestow a bounty on big wind that far exceeds what 1992 lawmakers could ever have envisioned.
Local resistance to wind power development is intensifying worldwide and project developers are feeling the heat of angry communities saying ‘no’ to their spinning towers. As policy wonks try to understand the opposition, the wind industry is quick to tout public gaiety in Denmark over operating projects. But like every claim involving the wind industry, there's a darker story.
RGGI proponents want us to believe that the program is delivering on a global environmental promise, but the reality is the nine-state cap and trade system is a colossal failure of resource allocation that should be repealed to leave more efficient market forces.
As California considers a 100% renewable-energy mandate, the state’s legislators should be asking what happens to California’s energy profile when the sun doesn’t shine and the winds don’t blow.
“The 30-year eagle take regulations are another example of the Obama White House rushing poorly considered policy that will have significant impact. Given the history of collaboration between Big Wind and FWS officials, the motives behind this push should be questioned by Congress and the public.”