Michele Kearney's Nuclear Wire

Major Energy and Environmental News and Commentary affecting the Nuclear Industry.

Thursday, January 3, 2013

Will Federal Policy Help Wind Compete with Fossil Fuels?

Will Federal Policy Help Wind Compete with Fossil Fuels?

The production tax credit doesn’t promote radical innovation, but maybe that’s okay.
When Congress extended the production tax credit for wind power this week, it certainly came as good news for jobs in the wind industry. Whether it will help make wind power competitive with fossil fuels remains a far more difficult question to answer, especially since the tax credit does not necessarily encourage radical innovation in wind technology. Still, experience has shown that it does promote incremental improvements by increasing deployment of existing technology, and that may be enough to help wind reduce carbon dioxide emissions by displacing fossil fuels.http://www.technologyreview.com/news/509421/will-federal-policy-help-wind-compete-with-fossil-fuels/

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