Election Night’s Impact on Renewable Energy
- Ceres Conference Offers Something for Everyone (05/13/2013)
- A Little Energy to Save a Lot: Why Your Company Should Become Energy Star Certified (04/03/2013)
- Sustainability in Supply Chain Remains Top Priority for Major Brands (03/13/2013)
- Using Technology to Drive Supply Chain Sustainability (03/05/2013)
- Getting On Board with Supply Chain Sustainability (02/20/2013)
LEED Green Building
- 7th annual Los Angeles Business Council (LABC) Sustainability Summit (04/29/2013)
- Greening the Green Building Industry (03/26/2013)
- Earth Rangers Journey to LEED® Platinum (02/21/2013)
- Energy Boost: How RECs Support LEED® Certification and Renewable Energy Development (02/14/2013)
- Making the Most of LEED® (01/31/2013)
- Reducing Carbon Emissions Becomes Mission Critical (05/14/2013)
- CDP Supply Chain Program Reporting Period Now Open (04/11/2013)
- 2013 Climate Leadership Conference (03/01/2013)
- Wind PowerED Climate Education for Colorado Kids (03/14/2013)
- 2013 GreenBiz.com Forum New York (03/08/2013)
- A Letter from the Arctic (05/09/2013)
- Eliminating Toxins from the Air We Breathe (05/07/2013)
- Our Silent Partners in the Fight Against Climate Change (04/26/2013)
- The Power of RECs to Improve Human Health (04/25/2013)
- Our Planet’s Most Precious Resource (04/24/2013)
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.