Over the summer, the Institute for Energy Research (IER) hosted a conference entitled, “A U.S. Carbon Tax: The Rest of the Story.” We picked experts from both academia and policy analysis to demonstrate that the American public has been getting a very biased perspective on the case for a carbon tax. Even if we accept at face value the official position of the U.N.’s Intergovernmental Panel on Climate Change (IPCC) …
- 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.
Many European countries were the first to ratify the Kyoto Protocol and implement policies to reduce greenhouse gas emissions. Those policies, however, have done nothing to curb global carbon dioxide emissions. Rather, they have just resulted in higher prices for their residents, many of whom are already considered to be fuel poor and others who will join them in fuel poverty soon.
Kyoto Protocol and European Reduction Policies
The Kyoto …
Director of Regulatory and State Affairs Daniel Simmons will testify today before the Ohio Senate Public Utilities Committee. Simmons will discuss the common misperceptions of state Renewable Portfolio Standards (RPSs), focusing on Ohio’s Alternative Energy Standard. Highlights from his testimony include:…
Renewables such as wind and solar are intermittent energy sources and cannot be counted on to produce electricity when needed. According to the California grid operator, on Saturday, November