Why Renewable Energy Still Needs Subsidies The Wall Street Journal, September 14, 2015. Image credit: Unsplash The wind-energy sector won a long-fought battle in mid-July, when the Senate Finance Committee voted to extend the production tax credit, the most commonly-used subsidy for wind project development in the U.S., for another two years. But the road to […]
There were high hopes for green energy when President Obama submitted his 2015 budget to Congress. The highlights of that budget included a $3.9-trillion proposal for investments in renewable energy and a commitment to focusing more on green technology — and less on older energy-intensive industries that produce significant carbon emissions.
The survey found that the 73 percent of registered voters are supportive of the PTC, with 42 percent being “strongly supportive” of the credit. Sixty-three percent of registered Republicans, 74 percent of Independents and 83 percent of Democrats support the PTC. Nineteen percent said they oppose extending the credit.