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Groups see dim renewable energy future (unless tax credit extended)

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OKIsItJustMe Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-22-08 01:44 PM
Original message
Groups see dim renewable energy future (unless tax credit extended)
Edited on Tue Jan-22-08 01:44 PM by OKIsItJustMe
http://money.cnn.com/news/newsfeeds/articles/newstex/AFX-0013-22430604.htm

Groups see dim renewable energy future

January 22, 2008: 10:52 AM EST

Jan. 22, 2008 (Thomson Financial delivered by Newstex) --

WASHINGTON (AP) - Thousands of renewable energy jobs could be lost unless a tax credit set to expire at the end of this year is extended, industry trade groups said Tuesday.

Tax breaks for various clean energy industries, including wind and solar, along with language requiring investor-owned utilities to generate 15 percent of their electricity from renewable sources were left out of the energy bill President Bush signed last month.

About $20 billion in investments yielded nearly 6,000 megawatts of new renewable energy in 2007 along with tens of thousands of jobs nationwide that are now in jeopardy, according to the National Hydropower Association, Geothermal Energy Association, Solar Energy Industries Association and American Wind Energy Association.

The groups urged Congress and President Bush to include renewable energy tax provisions in any economic stimulus bill being developed.

...
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jwirr Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-22-08 01:52 PM
Response to Original message
1. I think these groups should pay closer attention to the incentives
given by state and local governments as well as to individual actions. This is where alternative energy is currently getting the biggest boost. While it will not be enough to finish the job each project is going to make others look to their own area change. I cannot tell you how the wind machines that follow the highway approaching Cherokee Iowa effected my family when we first saw them. We were overcome with joy that someone was actually doing it. Their influence in the surrounding areas has been profound.
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jpak Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-22-08 02:45 PM
Response to Original message
2. Thank you anti-renewable energy GOP assholes
It's deja vu all over again - Reagan and the Gramm/Newt Congress eliminated Jimmy Carter's homeowner solar energy tax credits in the mid-80's.

...and Crony Capitalist GOP Obstructionists were successful in removing homeowner solar and commercial wind power tax credits from last year's Energy and Farm Bills

January 2009 can't come fast enough...

:puke:
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hunter Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-22-08 02:52 PM
Response to Original message
3. Tax incentives are perhaps better than nothing, but not enough.
They are never going to significantly change the energy landscape. It's the same with requirements for utilities to generate 15% of their energy with renewables. If the growth in electricity demand rises 15%, and all of that increased demand is met by renewable energy, then we still haven't reduced our carbon footprint; in fact we've increased our footprint if utilities are also switching from natural gas to coal.

Reducing carbon dioxide in the utility sector can only be achieved by reducing our use of coal, and the only way to accomplish that is to mandate the reduction. One way to accomplish this would be to ban the construction of new coal power plants, and to shut down older coal fired power plants within a fixed time frame.

Unfortunately we won't willingly do that -- it will only be accomplished by the destruction of our economy by climate changes and decreasing oil supplies. In a crashed economy many factories and shops won't use electricity simply because they are closed.

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DCKit Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-22-08 03:54 PM
Response to Reply #3
6. In that context, the Republicon's (and their enablers) destruction of the economy makes sense. n/t
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hunter Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-22-08 04:50 PM
Response to Reply #6
10. The sinking of this economy is probably inevitable.
Unfortunately the Officers and the First Class passengers of this doomed ship have sailed away in the life boats leaving us with a lot of empty promises.

There's little reason for them to pretend solar and wind energy will save this ship anymore, so they won't.
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NickB79 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-22-08 09:45 PM
Response to Reply #3
11. I'd have to disagree on one point
"Unfortunately we won't willingly do that -- it will only be accomplished by the destruction of our economy by climate changes and decreasing oil supplies."

I think GliderGuider is spot-on with his belief that global coal consumption will INCREASE as we pass down the peak oil/peak NG slope, global warming be damned.

And God help us if countries undertake widespread construction of Fischer-Topp plants to produce synthetic oil from coal....
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ladjf Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-22-08 03:18 PM
Response to Original message
4. The renewable energy business needs to be backed by
government subsidies. However, the whole idea of renewable energy is so obviously the answer, the industry will boom anyway but not as quickly.
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phantom power Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-22-08 03:23 PM
Response to Original message
5. I thought that 20GW of wind capacity *alone* were installed in 2007:
http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=115&topic_id=130473&mesg_id=130473

Now they're saying only 6GW of renewable capacity were installed? And if what they mean is that >= 14GW of wind power was installed *without* subsidies, why do they need subsidies?
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OKIsItJustMe Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-22-08 03:57 PM
Response to Reply #5
7. I think you're confusing figures for the US and the world
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phantom power Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-22-08 03:58 PM
Response to Reply #7
9. oops
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DCKit Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-22-08 03:58 PM
Response to Reply #5
8. 20K MW worldwide
Even some "poor" countries are blowing U.S. away, especially when you compare investment/GDP.
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