Defeat of Tax Credits/Bali — A Day of Shame for the US December 14, 2007Posted by Michael Hoexter in Green Activism, Renewable Energy.
Tags: Production Tax Credits, Renewable Energy, Solar Energy, US Congress, Wind Energy
By a single vote, the Senate today failed to pass the tax credit package for renewable energy.
There are dinosaurs still alive in the US.
To those who contacted their Senators/Congresspeople…thank you!
Also, the news from Bali is not good either.
Just as the old energy economy has relied on massive subsidies and favorable policy conditions to continue to mine and drill for fossil fuels around the world, the building of a renewable electron economy is going to require a policy environment that adequately prices in the externalities of climate, geopolitical uncertainty, and environmental degradation into markets. We in the US are continuing to lag behind other countries in taking steps to re-orient ourselves.
We have just taken a step back, but maybe this is an occasion to re-group and connect with the American people about the value of renewable energy and investment in our common future. From this may come a determination to create policy that is more durable and more transparent to everyday people, so lawmakers can no longer play with our common future without repercussion.