• 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.

New IPCC Report Unwittingly Shows Weakness of Alarmist Camp Analysis

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On March 31 the Intergovernmental Panel on Climate Change (IPCC) released the tentative draft of its Fifth Assessment Report (AR5) for Working Group II, which studies the impacts of climate change under various possible scenarios, including actions by governments. (In contrast, the report from Working Group I—which was released in the fall of 2013—studied the physical science underlying projections of climate change.) Although the top brass at the …

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IER Comment on the Social Cost of Carbon, Part II Analysis

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The Institute for Energy Research (IER) has formally submitted its Comment to the Office of Management and Budget on the Obama Administration’s use of the “social cost of carbon” as an input for federal regulatory action. This is a crucial topic that may significantly influence energy policy. Those who want the full details should click the link and read our full Comment, but in two posts here I am walking …

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Is the U.S. Falling Behind in the Nuclear Energy Race? Analysis Nuclear

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The United States is being left behind in the global quest for nuclear energy. While the United States has retired 4 nuclear reactors recently, plans to decommission several others, and is building only a few new reactors supported by DOE loan guarantees, the world is building lots of reactors, mostly with Russian technology. According to the Energy Information Administration, total world nuclear capacity is expected to double from an estimated …

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Bad News for Carbon Tax Fans Analysis

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Last summer, in advance of Australia’s monumental September 7 elections that served as a repudiation of Australia’s carbon tax, IER published a key study by Dr. Alex Robson on the history and impact of the tax. Robson’s critique of Australia’s carbon tax was particularly relevant for the US policy debate, because he showed none of the promised benefits of a carbon (such as a more efficient tax and regulatory code, …

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