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Subsidies

IMF Study: Global Energy Subsidies Will Cost $5.3 Trillion in 2015

May 19, 2015 by Katherine Tweed
12

Global Subsidy Costs

The global post-tax subsidy for energy, which accounts for the environmental and health toll, will be an estimated $5.3 trillion in 2015, more than 6 percent of global GDP. The figure is more than double the IMF’s own post-tax subsidy analysis just a few years ago.[read more]

The Fossil Fuel Subsidy Red Herring

May 14, 2015 by Alex Trembath
38

Fossil Fuel Policy and Subsidies

Every few months we hear another round of passionate recommendations that fossil fuel subsidies be phased out to level the playing field for clean energy. Sounds sensible, but there’s reason to think that eliminating fossil fuel subsidies wouldn’t be nearly as transformative as is often suggested.[read more]

Subsidizing Renewables for the Damage Not Done

May 13, 2015 by Meredith Fowlie
4

Renewables and Financing Models

In this divided age, few topics beyond motherhood, apple pie, and the iPhone 6 enjoy widespread public approval. So it is notable that, in a recent Gallup Poll, two out of three Americans support an increased reliance on solar and wind energy sources.[read more]

Creative Utility Accounting: Estimating the True Cost of a Subsidy

May 12, 2015 by EDF Energy Exchange

Subsidies and Actual Costs

$5 billion is a lot of money, yet that’s the difference in cost estimates between an Ohio advocacy group and FirstEnergy for the utility’s proposed bailout plan. FirstEnergy says its plan to raise electricity rates will save customers $2 billion. The Ohio Consumers’ Counsel estimates subsidies will cost Ohioans $3 billion.[read more]

Behind-the-Meter Energy Storage Goes Wholesale

May 10, 2015 by Jeff St. John
2

Energy Storage Development

Startups have put together battery and power electronics packages, control hardware and software, financing and performance guarantees, and other aspects of the business under one roof -- and there's no real way for customers to mix and match different pieces of those offerings from different vendors.[read more]

Hawaii's Advanced Energy 'Postcard From the Future'

May 10, 2015 by Lexie Briggs
6

Hawaii and Advanced Energy

Ah, Hawaii. The palm trees sway in the tropical breezes, the volcanoes cast long shadows on beautiful white sand beaches, and diesel-fired power plants generate electricity at the highest prices in the country. Big things are afoot for the electricity system of this tiny U.S. state, though.[read more]

4 Ways to Blunt the Solar Tax Cliff

May 9, 2015 by Katherine Tweed

Subsidies and Business Plans

The coming reduction of the 30 percent federal Investment Tax Credit for solar creates a steep cliff no matter which way you crunch the numbers, according to a new policy paper from George Washington University. But there are ways to soften the blow.[read more]

The Energy Gang: Can the US Wind Industry Get Beyond Its Boom-Bust Cycle? [PODCAST]

May 6, 2015 by Stephen Lacey

Wind Energy and Economic Risks

Wind has become a favorite target for politicians and conservative action groups looking to end energy subsidies. But industry leaders are hitting back, saying they’ll only consider dropping the production tax credit when oil and gas lose their tax benefits.[read more]

North Carolina Opts for Delayed Sunset of the State Tax Credit

State Tax Credits and Legislative Inaction

Last week, the North Carolina legislature passed a bill offering a soft landing to the official end date for the state’s 35% state tax credit. While the tax credit cliff is scheduled for December 31, 2015, new legislation will extend eligibility for projects that are “significantly complete” but not operational by the end of 2015.[read more]

Mexico Provides Additional Detail on Mitigation Plans for Post-2020 Emission Reductions

April 17, 2015 by NRDC Switchboard

Following up on the late March announcement of its post-2020 emissions reduction commitment, Mexico has now provided a bit more detail on how it aims to achieve its goal of reducing 22% of greenhouse gas emissions and 51% of black carbon emissions by 2030.[read more]

Fossil Fuel Divestment: Some Points of Utility

April 7, 2015 by Benjamin Franta
4

Those who are serious about the risks of climate change should base their analyses on reason and evidence, not on rhetoric. And both reason and evidence strongly suggest that we need to be serious about efforts to divest from fossil fuels.[read more]

Solar Energy: Cost Over Concern

April 3, 2015 by Terri Engels

Solar Benefits and Perception

The shunning of coal as a main power source and the placing of faith in solar energy has been thanks in part to the Federal Investment Tax Credit. Yet despite the success of solar, concerns are mounting as to what will happen when the 30% tax credit expires in 2017.[read more]

These States Are Early Leaders in U.S. Energy Storage Market

March 31, 2015 by Eric Wesoff

Energy Storage State Leaders

Energy storage is a small market undergoing fierce growth. The U.S. installed 61.9 megawatts of storage in 2014, and 220 megawatts are predicted to be installed in 2015. But, like the solar industry, storage projects are clustered in states with incentives, or where markets are able to place a value on storage.[read more]

SMRs: Lots of Talk, but DoE's Budget is 1% of Yearly Wind Tax Credit [VIDEO]

March 31, 2015 by Rod Adams

Nuclear Development and Governmental Support

If developing smaller reactors as a tool in the battle against carbon dioxide emissions was as high of a priority for the Administration as one would believe based on the amount of talk given to the topic, it would be logical to have assumed that the DoE would have made additional funds available for research.[read more]

The Energy Gang: The Solar Federal Tax Credit - Will Expiration Kill Jobs or Make Installers Stronger? [PODCAST]

March 30, 2015 by Stephen Lacey
1

Federal Solar Subsidies and Industry Risk

The federal investment tax credit has enabled dramatic growth in the United States solar energy industry. But its looming expiration, coming soon in 2017, is causing some within the solar business to ask: will it still be needed to continue that growth?[read more]