Despite soaring rhetoric and some promising proposals, President Obama is repeating the same mistakes that have doomed U.S. energy policy to failure for 40 years. Until Obama and Congress finally put a true price on the fossil fuels America consumes, the U.S. will continue its addiction to foreign oil and domestic coal. (more…)
The United States is at a precipice with respect to public motivators for the green economy. Essentially, the carrot of public incentives or investment and the stick of potential mandatory regulation of carbon emissions are slated for elimination at the same time.
Although we cannot know what this two part (more…)
State renewable energy standards have gained momentum over the past decade with 29 states having put in place various types of standard mandates and five more having implemented voluntary standards (34 total). Now the federal government is looking to get into the game with a bi-partisan bill (S. 3813) aiming to set a minimum national standard. Renewable (more…)
Senators Tom Coburn (R-OK) and Benjamin L. Cardin (D-Md) have joined forces to sponsor a bill that ends the refundable Volumetric Ethanol Excise Tax Credit (VEETC). This tax credit subsidizes the blending of corn-based ethanol into gasoline. The legislation, if enacted immediately, would save taxpayers nearly $4 billion during the remainder of 2011, (more…)
On Feb. 14, U.S. Pres. Barack Obama made a proposal to Congress to raise 2012 budget funds for renewable energy research. He proposed paying for this budget increase by cutting subsidies for fossil fuels including gas and oil.
This budget increase comes at a rather sensitive time for the White House. (more…)
(Reuters) – Channeling 2 percent, or $1.3 trillion, of global gross domestic product into greening sectors such as construction, energy and fishing could start a move toward a low-carbon world, a report launched on Monday said.
The investment would expand the global economy at the same rate, if not higher, as (more…)
As President Barack Obama prepares to release his proposal for the next year’s budget this month, he is expected to call for eliminating $4 billion per year in subsidies to the oil industry. This is money that could be re-channeled into spurring clean energy development, reducing the deficit, and paying for basic government services during hard economic times. This common sense proposal should logically (more…)