US Ends Green Subsidies For Wind Farms
In the US wind farms have been subsidised since 1992 by the Wind Production Tax Credit (PTC), which was usually extended for 1 – 2 year periods; in 2009 the American Recovery and Reinvestment Act extended subsidy for wind power until the end of 2012.
An extension of the PTC, the subsidy that allowed wind to be competitive with other forms of energy, has been left out of a payroll tax cut extension currently making its way through the US House of Representatives, without a change of policy wind subsidy ends in 2012.
The Americans have subsidised wind power for 20 years, and yes, you guessed right without Green taxation the US wind industry is dead, and now the extension which needed 60 votes in the Senate to pass has failed:
The U.S. Senate has voted to reject an amendment to S.1813, the Surface Transportation Bill, that would have extended several important renewable energy incentives – including the production tax credit (PTC) for wind power – for one year.
The measure, introduced by Sen. Debbie Stabenow, D-Mich., also called for an extension of the Section 48C advanced energy manufacturing tax credit, which expired in 2010, as well as an extension of the Section 1603 cash-grant program.
Although the vote on the measure was even at 49-49, the amendment required 60 votes to pass, and was, therefore, not agreed to.
The news comes as a disappointment to the wind industry, which was hoping for a boon in an uncertain economic climate.
20 years of subsidy and the US wind industry is still not economically viable, and now the shale gas boom is going flat out which leaves wind and solar even vulnerable to affordable and reliable energy generation.
Posted on March 14, 2012, in Anthropogenic Global Warming, Church Of Climatology, Climate Change, Global Warming, Green Lies, Green Taxation, Renewables, US Politics, Wind Power and tagged US Senate. Bookmark the permalink. 2 Comments.