June 12, 2012
Even Big Wind Doesn't Want a Tax Break
Boccia and Spencer, The Foundry
The expiration of the production tax credit (PTC) for wind and other renewable energy sources is the subject of intense debate. Some see the credit as a tool for creating jobs and battling global warming. Others see it as an expensive, market-distorting device that rewards inefficiency and punishes competitiveness. Support for the latter position is growing—for good reasons, as the full economic impact of the PTC is beginning to be felt on a wider scale.
TAGGED: wind energy