NewEnergyNews: PHASE OUT BUT DON’T CUT OFF WIND SUPPORT

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While the OFFICE of President remains in highest regard at NewEnergyNews, this administration's position on climate change makes it impossible to regard THIS president with respect. Below is the NewEnergyNews theme song until 2020.

The challenge now: To make every day Earth Day.

YESTERDAY

  • Weekend Video: Tesla Adds World’s Biggest Battery To Aussie Wind
  • Weekend Video: Solar And The Next Utilities
  • Weekend Video: Wind Builders On Wind
  • THE DAY BEFORE

  • FRIDAY WORLD HEADLINE-The Climate Change Gourmet
  • FRIDAY WORLD HEADLINE-UK Study Says Yes To Solar-Powered Electric Trains
  • FRIDAY WORLD HEADLINE-First Aussie Ocean Wind Project Gets $8BIL Funding
  • FRIDAY WORLD HEADLINE-EU Solar Goes Digital To Open New Services
  • THE DAY BEFORE THE DAY BEFORE

    THINGS-TO-THINK-ABOUT THURSDAY, December 7:

  • TTTA Thursday-City Mayors Unite To Fight Climate Change
  • TTTA Thursday-New Energy And Big Oil Unite Against Subsidies For Coal And Nuclear
  • TTTA Thursday-California Would Sell Only EVs After 2040
  • TTTA Thursday-Utilities In A Time Of Solar
  • THE DAY BEFORE THAT

  • ORIGINAL REPORTING: California Grid Users Collaborate to Streamline Communication Systems
  • ORIGINAL REPORTING: How To Get The Big Benefits Of Grid-Integrated Water Heaters
  • THE LAST DAY UP HERE

  • TODAY’S STUDY: Global Battery Energy Storage Competition Tightening
  • QUICK NEWS, December 5: Hope Or Fear For The Climate Fight?; New Energy Hits New U.S. Market Share Highs; Wind,Solar Make Grid Stronger And Power Cheaper
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    Founding Editor Herman K. Trabish

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    Some details about NewEnergyNews and the man behind the curtain: Herman K. Trabish, Agua Dulce, CA., Doctor with my hands, Writer with my head, Student of New Energy and Human Experience with my heart

    email: herman@NewEnergyNews.net

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  • ---------------
  • TODAY AT NewEnergyNews, December 11:

  • TODAY’S STUDY: How The New Energy Marketplace Is Growing And Shifting
  • QUICK NEWS, December 11: N.C. Millennial Women Unite For Climate Fight; The White House Threat To New Energy; What’s Bad News In The Tax Bill For New Energy

    Thursday, August 30, 2012

    PHASE OUT BUT DON’T CUT OFF WIND SUPPORT

    Extend Wind-Power Tax Credit Now, So It Can Die Later

    Editorial, August 21, 2012 (Bloomberg News)

    “…[W]ind power has emerged as one of the most clear- cut issues of the political season…Obama wants to renew the technology’s soon-to-expire federal production tax credit. Mitt Romney, his Republican opponent, wants to let the credit lapse…[W]ind energy should receive continued federal support, as Obama says -- especially at a time when the industry’s tens of thousands of jobs are helping the U.S. economy. But wind power should also be expected to make it in the marketplace on its own one day, as Romney would have it.”

    “Onshore wind power has improved to the point where it is now the most competitive of all renewable energy sources except hydropower…[I]t is on a path to reach “grid parity” -- the point where its cost is equal to the baseline price of power on the grid…[By] 2016…wind can be expected to thrive without the tax credit…Renewing the tax credit would at least enable the wind industry to return to growth, adding 54,000 jobs over the next four years…Letting the credit expire, on the other hand, would mean losing 37,000 jobs in the sector…It’s [also] a clean energy source, with a promising economic future as the cost per turbine continues to fall…[and] natural gas prices, now extraordinarily low, rise…

    “If Congress takes the easy route and simply extends the credits for a year or two, it would only perpetuate the wind industry’s boom-and-bust cycle. A smarter solution is to apply the longer-term planning that is critical to good energy policy…Let the wind industry know the production tax credit will eventually die out, but over four years -- so companies are able to plan…”

    “Even smarter would be to ultimately replace the tax credit with market-based support for wind…[like a national] renewable portfolio standard…[or] a “clean energy standard,” requiring large U.S. utilities to derive an increasing share of their energy from cleaner energy sources -- not only renewables such as wind and solar but also natural gas and even coal with carbon capture and storage. No federal expenditure would be required…Politicians in both parties…could do far more for the U.S.’s energy future if they considered longer-lasting ways to help the wind business succeed.”

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