• In the Fiscal Year 2012, over $1 billion was spent on the energy investment tax credit.
  • The federal government has spent over $27 billion in recent years on renewable tax subsidies.
  • For Fiscal Years 2009-2012, renewables alone accounted for 50% of total tax subsidies for energy, but produced only 12% of the nation’s total electricity.
  • Did you know Washington has wasted nearly $5 million by giving Macy's department store grants for solar power?
  • Hoku Solar Power I, LLC, a company that recently filed for bankruptcy, was given over 2 million dollars in grant money.

AWEA’s Bold Push for More Wind Welfare Analysis Wind

wind_turbine_h

The American Wind Energy Association (AWEA) is making an all-out effort to convince Congress to renew the wind production tax credit (PTC), the wind industry’s lucrative subsidy that expired at the end of 2013. AWEA is desperate to revive the PTC and, unfortunately, its most recent lobbying push relies heavily on misinformation and half-truths in order to divert attention away from the PTC’s many critics.

To set the record straight, …

Continue Reading » | Share: ,

Reasons to Repeal the Renewable Fuel Standard Analysis Biomass

ethanol

The Renewable Fuel Standard (RFS) was first put in place by the Energy Policy Act of 2005 and then was more than quadrupled by the Energy Independence and Security Act two years later—both bills signed by President George W. Bush. The RFS requires increasing amounts of biofuels to be blended with transportation fuel such as gasoline. Congress and the Bush Administration created the RFS schedule based on what they thought …

Continue Reading » | Share: ,

Are Climate Change Mitigation Policies a Form of Insurance? Analysis

globe_east_2048

In a previous post, I walked through one of the take-away messages from the latest IPCC report: Using middle-of-the-pack projections, the likely damages from climate change are actually less than what reputable studies estimate as the costs of government action to curb carbon dioxide emissions, such as a carbon tax or cap-and-trade scheme. In other words, even stipulating the entire IPCC framework and numbers, one can make a …

Continue Reading » | Share: ,

Another DOE Flop: Smith Electric Vehicles Closes Kansas Plant Analysis

Smith Electric Vehicle

“You’re doing more than just building new vehicles. You are helping to fight our way through a vicious recession and you are building the economy of America’s future.” President Obama, 2010.

The U.S. Department of Energy (DOE) provided $30 million to Missouri-based Smith Electric Vehicles and President Obama used the spending as an opportunity to campaign in Missouri. Hindsight now shows that it was irresponsible for the Obama …

Continue Reading » | Share: ,