In the final hours of the 2012 fiscal cliff negotiations, the now 20-year old wind production tax credit (PTC) was granted a 1-year extension at the estimated cost of $12 billion. [1] This move was done behind closed doors, without debate or opportunity for amendment and no obligation of the Congress to find a way to pay for it.
With this most recent extension of the PTC, the Congress took no action to address the harmful effects [2] of the PTC on competitive wholesale energy markets.
The PTC is set to expire on December 31st. Until this long postponed day, the legislative opportunity is for the Congress to amend the flawed tax provision to relieve market distortions [3] and promote more reliable, least-cost renewable choices for taxpayers.
Market Signals That Work
Nearly two decades ago, electric energy markets in most of the U.S.…
Continue ReadingThe Alliance for Wise Energy Decisions (AWED) is an informal coalition of individuals and organizations interested in improving national, state, and local energy & environmental policies. Our basic position is that technical matters like these should be addressed by using real science.
Instead of a science-based approach, our energy and environmental policies are typically written by those who stand to economically or politically profit from them. As a result, anything genuinely science-based in these policies is usually inadvertent and accidental.
A key element of AWED’s efforts is public education. Towards that end, every 3 weeks we put together a newsletter to balance what is found in the mainstream media about energy and environmental matters. We appreciate MasterResource for their assistance in publishing this information.
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This is a brief summary of my Science talk.…
Continue ReadingWhen E. O. Wilson said “people would rather believe than know,” he perfectly summed up the state of modern environmentalism. For the fact is that the movement has been radicalized to such an extent that its policies are now characterized by senseless agendas better described as anti-science, anti-business and even anti-human; not pro-environment. [1]
Environmentalism’s gradual shift to extremism didn’t happen overnight and it didn’t happen on its own; the movement was led astray by the green lobby – the conglomerate of NGOs, advocacy organizations and political groups who use environmental motives to enact legislation favorable to their own goals. Today, the green lobby is a dominant force in the political sphere, despite few voters choosing to elect ‘green’ politicians.
Much of the green lobby’s success is directly attributable to its ability to demonize and brand opponents as heretics, even if their arguments are based on verifiable evidence or if they simply want to promote intelligent discussion.…
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