Interest in Renewing Renewables Renewed

Boosts for renewable energy get another go-round in the Senate 3

Wind- and solar-boosting folk are crossing their fingers that new Senate legislation will succeed in extending renewable-energy tax credits set to expire at the end of 2008. The Clean Energy Tax Stimulus Act is framed as an economic boon: "If both houses of Congress don't pass a bill and the president doesn't sign it into law soon, we will start to see as much as $20 billion of anticipated investment in 2008 delayed or cancelled and more than 100,000 jobs lost," warns cosponsor Maria Cantwell (D-Wash.). The bill has bipartisan support, in large part because, unlike previous failed legislation, it would not seek to fund clean-energy incentives by removing tax credits for oil companies.

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  1. Delay And Deny's avatar

    Delay And Deny Posted 8:55 am
    05 Apr 2008

    The Time For Action is...not now!

    The recent breakthroughs in nuclear batteries make most of the other "renewables" completely irrelevant.   A spending program entirely devoted to fission and direct conversion to electricity would far exceed the benefit from any other present "green" technology.

  2. Quinn Posted 8:29 am
    06 Apr 2008

    Re: The Time For Action is...not now!Very interesting article.  
    One thing though:  "Popa-Simil agrees, saying it will be at least a decade before final designs of the radiation-to-electricity concept are built."
    Unfortunately we don't have a decade to wait for a miracle technology.  We need to utilize the available technology and get things going.  There needs be investment and development in renewable energy.  If these nuclear batteries do come out, great!  But until then, lets put our efforts into something currently feasible.  
  3. edarnold41 Posted 4:15 am
    07 Apr 2008

    Stll confusedIf solar and wind power are such great investments and economically competitive, what with the vanishing supply of oil and the trend against more coal-fired installations, why does $20 billion in private investment 'dry up' if these projects don't get a taxpayer-funded handout?
    Inquiring minds would like to know...

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