Skip to comments.Clean Technology on the Brink
Posted on 04/18/2012 2:00:41 PM PDT by Oldeconomybuyer
Clean energy technology has grown robustly and come down in price in recent years, driven by hefty government stimulus spending, expectations of future regulation and substantial private investment. But that technology is going to fall off a cliff unless government steps in quickly to revitalize the solar, wind, nuclear, battery and clean vehicle sectors with new spending and federal policy, according to a new study from three research groups.
The study notes that the tens of billions of dollars from President Obamas stimulus program are drying up, even as tax breaks that have supported wind and solar power generation are expiring. The result is an anticipated 75 percent decline in federal clean technology spending by 2014 from a peak of $44.3 billion in 2009.
The authors recommend renewing some of the tax incentives and boosting federal spending, at least until those industries can compete on their own.
(Excerpt) Read more at green.blogs.nytimes.com ...
How in the world would “expectations of future regulation” bring down the price? If anything it would raise prices since people will have fewer choices.
Well the price of factories that make Green Energy generating equipment has sure come down. Most of them have had their capital equipment sold off and their raw materials hauled off in dumpsters.
The buildings they used to occupy are looking for tenants.
What a crock of crap.....
According to Broder “clean energy” is the greatest thing ever the answer to all problems and the path to a bright future.
BUT ONLY WITH MASSIVE AMOUNTS OF TAX PAYER DOLLARS.......
These people are not even funny anymore, just dangerous..
Time to tell the government to ............
The expectation was that government was going to ‘regulate’ their market competition, giving them an additional advantage, and raising their competitors’ prices.
Right. So their assertion that expectations of future regulation is going to bring down the price is preposterous.
If we’re going to ‘invest’ massive, perpetual taxpayer subsidies into some pie-in-the-sky revolutionary technology, let’s work on something really cool like ‘warp drive’ or ‘time travel’.
(Of course they’re not plausible - but that hasn’t been a consideration for green energy either!)
What DO they smoke over at the NYT?!!!
“Clean” energy is unsustainable.
Uh, much of it's been at the bottom of the cliff for some time now. Also, nuclear is screwed because the Japanese totally destroyed the public's faith in nukes.
If it’s a sound idea, it doesn’t need taxpayer dollars.
What a pile of dung.
"Green Energy" is doing wonderfully because of the brilliance of Government spending (...and regulations to drive Carbon based energies out of business...) BUT government (the taxpayers) Must pay more...
Scam Artists down on the street corners have more pride than to pitch this crap. If 'Green Energy' can't support itself - get it off life-support... And stop throwing monkey wrenches in our Oil, Coal, and Natural Gas Industries - you thieves in the Government...
‘expectations of future regulation’ was a driver for ‘growing robustly’, not ‘come down in price’. People (Dem’s) invested believing that when fossil fuels were made cost prohibitive through carbon taxes, etc., the alternative energy companies would clean up. Mostly they’re just PO’d now ‘cause they threw their money down a manure shoot since cap and trade isn’t likely to pan out. That’s why we call it risk, right? ;)
As far as price coming down, that’s a moral victory at this point. I don’t think coal or natural gas are feeling price competition from ANY green energy.
Not preposterous from their POV.
My electricity cost is about .12 kwh. Natural gas, probably.
If the government subsidized solar power at .75, then they might be able to sell it to me at .12.
Of course, total cost is still .87, but if you squint your eyes and look at it sideways it just became competitive with gas.
Can’t do that.
People would leave..............
There’s nothing the Gubment can’t fix by spending more taxpayer money that they, and the taxpayers, don’t have.
Yeah. And I can ride my bike as fast as Lance Armstrong, or at least I'll be able to eventually if they just keep sending me money.
An apt formula for all of the Federal Government.