“Not satisfied with such direct benefits as he derives from sunshine, man has developed numerous ways of utilizing solar radiation indirectly and of appropriating energies other than his own.”
– Erich Zimmermann, World Resources and Industry (Harper & Brothers, 1933), p. 43.
“Although much interest in the scientific community has been focused on solar energy at various times in history, widespread development of solar power equipment has never been achieved—primarily because of the high cost of developing solar power compared to that of technologies utilizing cheap fossil fuels.”
– Wilson Clark, Energy for Survival: The Alternative to Extinction (Garden City, NY: Anchor Books, 1974), p. 379.
Solar electricity has a long history, not unlike its cousin wind power. The infant industry argument does not apply, and solar’s diluteness and intermittency suggest that this off-grid starter energy will not be an on-grid resource in this century, if not far beyond.…
“Without the PTC, any mandated wind generation would be an even bigger political problem because its cost inflation would be exposed. The wind-is-competitive-with-fossil-fuels hyperbole would be refuted in real time.”
Congress enacted the Wind Production Tax Credit (PTC) in 1992 as a temporary measure for an “infant” industry. Decades and nine extensions later, it is time to eliminate the PTC.
Subsidized wind power inflates electricity costs, compromises taxpayers, and destabilizes the electric grid (wind-generated electricity is intermittent). The huge tax credit allows pricing that ruins the economics of steady, conventional generation sources. Wind power, indeed, is the perfect imperfect energy.
The PTC It is most beneficial to wealthy wind developers who are able to reduce their tax rate at the expense of the rest of us. It is past time to end corporate welfare for this mature, and in their own words, competitive, wind industry.…
“Ehrlich and other green activists also remained oblivious to the fact that the correlation between standards of living and pollution level is overwhelmingly in the direction of ‘richer is cleaner’.”
“Population catastrophists, however, constantly remind us of Hegel’s alleged observation that ‘If theory and facts disagree, so much the worse for the facts’.”
Pierre Desrochers, associate professor of geography at the University of Toronto-Mississauga, is a leading classical liberal scholar in the fields of economic development, technological innovation, business/environment interaction, energy policy, and food policy. An expert on the works and worldview of Julian Simon (1932–98), Desrochers has contributed a number of features at MasterResource that are listed at the end of this post.
Most recently, Professor Desrochers celebrated the 25th anniversary of THE BET, the most famous wager in the history of economics between optimist/realist Simon and neo-Malthusian doomsayer Paul Ehrlich, with two opinion-page editorials.…