Election Night’s Impact on Renewable Energy
- Mosaic Labs Announces E-Book for Wal-Mart Sustainability Index (03/06/2014)
- 2014 Sustainability Trends (01/27/2014)
- Trends in Carbon Accounting Point to Carbon Offsets as a Natural Next Step (01/10/2014)
- Happy Holidays from Renewable Choice and Mosaic Labs! (12/09/2013)
- Green Power Partnership Publishes its Top Partners Lists (11/15/2013)
LEED Green Building
- LEED® v4 Certification Prepares to Roll Out in Canada (03/03/2014)
- LEED® v4 to Debut at Greenbuild Conference (08/22/2013)
- What is the LEED® EAC4? (07/18/2013)
- 7th annual Los Angeles Business Council (LABC) Sustainability Summit (04/29/2013)
- Greening the Green Building Industry (03/26/2013)
- Small Town Solar Systems Demonstrate Renewable Leadership (02/28/2014)
- Sustainability Measures in the 2014 Farm Bill (02/20/2014)
- How Did Energy Fare in the State of the Union? (02/11/2014)
- California Energy Storage Verdict (02/05/2014)
- European Commission Announces Climate Change Package (01/30/2014)
- Did You Make a Carbon Resolution This Year? (01/14/2014)
- The Intersection of Environmental and Social Justice (12/17/2013)
- Climate Change Comes Home (10/21/2013)
- 3 Apps to Help You Use Less Energy in Your Home (10/15/2013)
- How to Ride 4700 Miles on a Bamboo Bike without Flipping on a Light Switch (08/26/2013)
by John Powers on 11/07/2012
We are happy to report that the election results were overwhelmingly good news for the wind industry, with one major exception. The most pressing issue facing the industry at present is the expiration/extension of the Production Tax Credit (PTC). This federal tax credit helps wind farm developers secure financing to build new projects and is set to expire at the end of 2012 if it isn’t extended. Wind developers throughout the U.S. have been ramping down project pipelines due to the potential impacts of losing this tax credit, and the entire wind energy supply chain has been affected, including plant closures and large layoffs.
A number of key results from last night’s election are a good first step in getting this crucial tax credit extended. Mark Del Franco at North American Windpower magazine gives a great summary.
Although energy independence and job creation in clean technology was part of the electoral platform, it remains to be seen how the results of the PTC, and other initiatives that may arise now that we are past election season, will impact the U.S. and climate change. Recent chaotic weather events like Hurricane Sandy have brought the stark effects of climate change into the broader national conversation, but what our government will actually do to turn the tide of that climate change remains to be seen.
John Powers is Vice President of Business Development for Renewable Choice.