“And now that the Obama era has turned into the Age of Trump, each has reaped a modicum of fame (but not fortune!) by tiptoeing into the mainstream of today’s energy/climate debate.”
There are no MacArthur awards for our side of the energy and climate debate. But there are individuals that deserve a place in the history of energy thought and related public policy. These persons have blazed the trail where courage and patience, not only scholarship, were required. And now that the Obama era has turned into the Age of Trump, each has reaped a modicum of fame (but not fortune!) by tiptoeing into the mainstream of today’s energy/climate debate.
I have identified twelve (12) worthy individuals, presented in alphabetical order. This list should in no way diminish the contributions of the rest of us (including the present writer).…
Continue Reading“Electrification calls for a massive societal transformation from gasoline to electric vehicles, from traditional power plants to wind and solar generators, and from gas heating to electric and heat pump systems. There is no evidence that this transition will have any measurable effect on global temperatures. But electrification will produce substantially higher energy prices.”
“Electrification” is the new buzz word touted by climate fighters and environmental groups. Where electrification once meant providing electricity to people, today it often means elimination of traditional fuels. But the only tangible result of green electrification policies will be higher energy prices.
Proponents of electrification intend to force transportation and heating and cooling systems to run on electricity, and eliminate the use of hydrocarbon fuels. Electric cars, electric furnaces and water heaters, and heat pumps must replace gasoline-powered vehicles and gas-fueled appliances.…
Continue Reading“Wind projects most at risk by the new tax bill are those that negotiated their finance package in the last two years based on a 35 percent corporate tax rate. Renegotiating these agreements, if possible, could result in higher debt assumed for the project, higher prices for the electricity sold, and pressure to lower build costs … to put the financial viability of the project at risk.”
As previously cited, the wind industry is reliant on tax-equity investors willing to accept tax credits in return for funding significant percentages of their project costs. Tax-equity financing is complex; altering one or more elements of an investment package could undermine the success of a wind project.
Despite Congress’ decision to leave the wind PTC phase-out unchanged in the final tax bill, other changes in the law might upset plans for some projects.…
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