Panel 8 of the 9th International Conference on Climate Change was on the subject of “Costs and Benefits of Renewable Energy.” The panel was focused on the subject of renewable energy, specifically the high cost and potentially devastating economic consequences produced by the federal government’s efforts to replace the current energy sources with renewables.
Tagged: renewable energy
Have you ever been shopping for a computer and felt like the salesman used “tech-talk” and a lot of words you didn’t understand just to confuse you so he could “up-sell” you on the “latest” and most expensive features? The Obama Administration and Environmental Protection Agency (EPA) are employing this tactic and other sorts of “used-car-salesman” tricks in an attempt to sell the public on expensive and unpopular regulations that would require existing electricity power plants to reduce their carbon dioxide emissions by 30 percent of 2005 base-levels by the year 2030. It’s a smog-and-mirrors trick, nothing more.
Ohio Gov. John Kasich on Friday signed a law blocking scheduled increases in the state’s renewable power mandates, punctuating a broader effort among the states to roll back the once-fashionable mandates. Just five years ago, proponents of renewable power mandates were aggressively playing offense in the state legislatures. Between 2004 and 2009, nearly half of all states enacted renewable power mandates, requiring a designated share of electricity delivery in the state to come from renewable sources. By 2009, 30 states had renewable power mandates, and renewable power proponents confidently talked of imposing mandates in all 50 states.
We’ve seen it in too many sectors of the economy to possibly mention – both domestically and internationally. The greater the government involvement in an economic sector – the greater the ensuing economic damage. To that sector – and the broader economy.
Rewards of tax dollars for the renewable energy industry are so great it takes tax experts days of explanations to locate all possibilities. Additional subsidies are available from the federal government in forms of tax credits, loan guarantees, grants, and possible mandates for energy source use.
Try to imagine a commission of the U.S. government recommending that it get rid of the Department of Education, the Department of Health and Human Services, countless agencies, and, for good measure, restructure Medicare so it doesn’t go broke. There are few Americans who will argue that our federal government isn’t big enough and many who trace our present problems to Big Government.
The Spain-based company, Abengoa Solar, claims to be “a global leader in solar thermal energy.” Its website boasts: “Abengoa Solar is the largest solar plant operator worldwide.” Abengoa went public in October 2013, and since, its stock price has doubled. With the support the White House gives to solar energy and the mandates for renewable energy present in the majority of states, Abengoa sounds like a solid investment. And, that’s the image Abengoa has burnished with full-page ads in the Wall Street Journal to encourage investment. However, rather than a “buy,” Abengoa should be a “sell”—sell quickly—as its American run could be coming to a close.
April seems to be the month in which the Supreme Court devotes itself to decisions that have no basis in real science and can do maximum damage to the economy. Invariably, the cases are brought against the Environmental Protection Agency and are decided in its favor.
After the global warming-battling Edwardsport coal gasification power plant used more power than it generated during the September-to-November time-frame, earlier this month information filed with the Indiana Utility Regulatory Commission showed the Duke Energy facility operated at less than 1 percent of capacity in February.
The global energy outlook has changed radically in just six years. President Obama was elected in 2008 by voters who believed we were running out of oil and gas, that climate change needed to be halted, and that renewables were the energy source of the near future.
California loves to be seen as the trendsetter on energy and environmental policies. But can we really afford to adopt their laws and regulations in the rest of America? Heck, can the once Golden State afford them itself? The path to hell is paved with good intentions, counter-productive policies – and hypocrisy.
Many readers will surely agree with me that Hotchkiss launched us into successful and fulfilling careers, mine as a scientist, physicist and engineer continues actively 60 years past graduation. Among my specialties has been the study of climate, present, past and future, ever since the 1970s when the popular press was warning of an advancing ice age, and on into the 90s when global warming took over with unsubstantiated anecdotal evidence and mathematical models.
With the growing story coming out of Ukraine, the ongoing search for the missing Malaysian jet, the intensifying Nevada cattle battle, and the new announcement about the additional Keystone pipeline delay, little attention is being paid to the Production Tax Credit (PTC) for wind energy—or any of the other fifty lapsed tax breaks the Senate Finance Committee approved earlier this month. But, despite the low news profile, the gears of government continue to grind up taxpayer dollars.
Relationships fascinate us. Americans are always picking up the latest issue of their favorite magazine or clicking on that random pop-up website that promises five easy secrets to a satisfying[…]
Recently the Democratic Congressional Campaign Committee (DCCC) sent out a “2014 Priority Issues Survey.” In addition to the obligatory Tea Party bashing: “help the Democrats protect the progress we have made from Tea Party radicals, deliver the positive changes America needs and help Democrats win a Majority in the U.S. House of Representatives!” and the fundraising requests to “help protect House Democrats against Republican attacks”—there is a section on energy.